https://www.taxtmi.com/caselaws?id=36794 The High Court emphasized the importance of evaluating the reasonableness of expenses under section 40(c)(ii) of the Income-tax Act, particularly in relation to business needs and benefits. It directed the Tribunal to reassess the case, considering the provisions of section 40(c)(ii) and allowing for the submission of additional evidence. The judgment highlighted the need to focus on legitimate business needs rather than technicalities when determining the disallowance of motor car expenses and depreciation. en-us Mon, 29 Aug 1977 00:00:00 +0530 Wed, 24 Mar 2010 15:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36794 The High Court emphasized the importance of evaluating the reasonableness of expenses under section 40(c)(ii) of the Income-tax Act, particularly in relation to business needs and benefits. It directed the Tribunal to reassess the case, considering the provisions of section 40(c)(ii) and allowing for the submission of additional evidence. The judgment highlighted the need to focus on legitimate business needs rather than technicalities when determining the disallowance of motor car expenses and depreciation. Case-Laws Income Tax Mon, 29 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36794