TMI Blog2002 (8) TMI 48X X X X Extracts X X X X X X X X Extracts X X X X ..... ed to the aggregate of all the tours made by the persons during the previous year and not to individual tours - whether the expenditure incurred for reimbursement of medical expenses incurred by a director could be treated as part of remuneration for purpose of computing the disallowance under section 40(c). - whether part of the entertainment expenditure attributable to the staff of the assessee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Revenue is, as to whether the assessee was entitled to investment allowance on the incremental cost by reason of foreign exchange fluctuation. That question has already been considered by this court in the case of CIT v. Chengalvarayan Co-operative Sugar Mills Ltd. [2000] 242 ITR 440, wherein, it was held that the liability of the assessee during the previous year on account of the change in th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion required to be made under the rule is to be made separately for each travel undertaken by the employee and the amount that can be claimed as deduction for the year is the aggregate of the amount so calculated separately for each travel undertaken by the employee. This question is, therefore, answered in favour of the Revenue, and against the assessee. The question at the instance of the ass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e assessee was to be excluded from the disallowance under section 37(2A) of the Act. Section 37(2A) of the Act was amended by adding Explanation thereunder by the Finance Act, 1983, with effect from April 1, 1976. That Explanation provides that the expenditure incurred on food and beverages provided by the assessee to its employees in office, factory or other places of work is not to be regarded a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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