1982 (6) TMI 3

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..... ed to this court : " Whether, on the facts and circumstances of the case and on proper interpretation of section 40(c)(iii)/40(a)(v) of the Income-tax Act, 1961, the Tribunal was right in holding that the cash payments made by the assessee to its employees to reimburse them for the expenses incurred by way of house rent, medical expenses and salaries of gardeners and watch and ward employees in .....

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..... y decision has been taken by the Full Bench of the Kerala High Court in the case of CIT v. Commonwealth Trust Ltd. [1982] 135 ITR 19, we must answer the question in the affirmative and in favour of the assessee. Incidentally, we may refer to the decision in the special leave application from the order of the Bombay High Court being Special Leave Petition No. 2970 of 1976 in Income-tax Appeal No. .....

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