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2002 (8) TMI 41 - MADRAS HIGH COURTWhether, Tribunal was right in holding that the sum of Rs. 75,706 being salary paid to the drivers should be taken into account for the purpose of computing the disallowance under section 37(3A) - The second question is whether, Tribunal was right in holding that the reimbursement of the medical expenses made to the director/divisional managers/secretary of the company should be taken into account for the purpose of computing disallowance under section 40(c)/40A(5). - The third question is whether Tribunal was right in holding that the sum of Rs. 42,345 out of the expenses incurred on the dealers' conference, annual general meeting, providing food to the visitors was entertainment expenses under section 37(2A) - The fourth question is whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the market value of the building as on January 1, 1964, should be computed on the basis of the rent capitalisation method for the purpose of section 55A of the Income-tax Act in preference to the estimated value submitted by the registered valuer.
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