https://www.taxtmi.com/caselaws?id=60475 The Appellate Tribunal upheld the disallowance of taxi hire charges under section 37(3A) of the Income-tax Act, setting aside the decision of the CIT (Appeals) regarding the allowability of Leave and Licence fee as revenue expenses. The Tribunal determined that the provision applied to all hire charges, including taxi fares for day-to-day business activities, emphasizing the aim to restrict unreasonable expenditure on vehicle running and maintenance. en-us Wed, 03 Apr 1991 00:00:00 +0530 Wed, 05 Jan 2011 15:05:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60475 The Appellate Tribunal upheld the disallowance of taxi hire charges under section 37(3A) of the Income-tax Act, setting aside the decision of the CIT (Appeals) regarding the allowability of Leave and Licence fee as revenue expenses. The Tribunal determined that the provision applied to all hire charges, including taxi fares for day-to-day business activities, emphasizing the aim to restrict unreasonable expenditure on vehicle running and maintenance. Case-Laws Income Tax Wed, 03 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60475