https://www.taxtmi.com/caselaws?id=451039 Medical expenditure for a director's treatment abroad was disallowed for lack of supporting evidence, including board approval and proof of tax treatment as a perquisite, and the matter was remanded for fresh verification. Delayed deposit of employees' provident fund contribution beyond the statutory due date was held not deductible, so the disallowance was sustained. Interest paid on customs duty was treated as compensatory rather than penal in nature and was allowed as revenue expenditure, resulting in deletion of the addition. en-us Wed, 28 Feb 2024 00:00:00 +0530 Tue, 19 Mar 2024 08:41:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451039 Medical expenditure for a director's treatment abroad was disallowed for lack of supporting evidence, including board approval and proof of tax treatment as a perquisite, and the matter was remanded for fresh verification. Delayed deposit of employees' provident fund contribution beyond the statutory due date was held not deductible, so the disallowance was sustained. Interest paid on customs duty was treated as compensatory rather than penal in nature and was allowed as revenue expenditure, resulting in deletion of the addition. Case-Laws Income Tax Wed, 28 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451039