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2003 (4) TMI 62 - HC - Income Tax"Whether, the Tribunal was justified in law and had valid materials to hold that medical expenditure incurred in connection with by-pass surgery of the managing director and also the travelling expenses in this connection incurred by the director and managing director's wife were to be treated as business expenses allowable in the hands of the assessee-company?" - finding of the Tribunal that the expenditure incurred on medical expenses and travelling expenses for the purpose of bypass surgery of the managing director in the United States of America is a business expenditure is erroneous in law.
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