https://www.taxtmi.com/caselaws?id=55887 The commentary discusses allowance and disallowance issues under sections 40C, 40A(5), 80HHC and rule 6D, together with business expenditure questions on bonus share issue costs and membership fees. It notes that medical benefits, house rent allowance and personal accident insurance of managing directors were excluded from section 40C disallowance, cash house rent allowance to employees was not brought within section 40A(5), and section 80HHC relief was available despite a business loss because gross total income was positive. Staying charges at a business location outside headquarters were treated as travelling expenditure under rule 6D and sustained, while bonus share issue expenses and membership fee paid to Citizen Council were held allowable as business expenditure. en-us Mon, 23 Dec 1985 00:00:00 +0530 Sun, 06 Feb 2011 03:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55887 The commentary discusses allowance and disallowance issues under sections 40C, 40A(5), 80HHC and rule 6D, together with business expenditure questions on bonus share issue costs and membership fees. It notes that medical benefits, house rent allowance and personal accident insurance of managing directors were excluded from section 40C disallowance, cash house rent allowance to employees was not brought within section 40A(5), and section 80HHC relief was available despite a business loss because gross total income was positive. Staying charges at a business location outside headquarters were treated as travelling expenditure under rule 6D and sustained, while bonus share issue expenses and membership fee paid to Citizen Council were held allowable as business expenditure. Case-Laws Income Tax Mon, 23 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55887