https://www.taxtmi.com/caselaws?id=38322 The High Court of GUJARAT ruled in favor of a limited company regarding the interpretation of sections 40(a)(v) and 40(c) of the Income-tax Act, 1961. The Court held that expenses incurred on directors should be subject to different criteria for deduction compared to expenses on employees. It emphasized the legislative intent to maintain a distinction between expenses on directors and employees, affirming that specific provisions for directors should prevail over general provisions for employees. The Commissioner of Income-tax was directed to bear the costs of the reference. en-us Mon, 22 Mar 1976 00:00:00 +0530 Mon, 05 Apr 2010 14:01:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38322 The High Court of GUJARAT ruled in favor of a limited company regarding the interpretation of sections 40(a)(v) and 40(c) of the Income-tax Act, 1961. The Court held that expenses incurred on directors should be subject to different criteria for deduction compared to expenses on employees. It emphasized the legislative intent to maintain a distinction between expenses on directors and employees, affirming that specific provisions for directors should prevail over general provisions for employees. The Commissioner of Income-tax was directed to bear the costs of the reference. Case-Laws Income Tax Mon, 22 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38322