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Section 37 of the Income Tax Act, 1961 — Business Expenditure —  Expenditure incurred on the foreign tour of the wife of a Senior Executive of the company, in connection with the medical treatment of the said Executive is not an allowable deduction under the Income Tax Act, 1961, on the ground that she has no locus standi with the Company.

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Section 115JB of the Income Tax Act, 1961 — MAT — Provision for gratuity would be an ascertained liability and hence would be capable of being deducted from Computation of the minimum alternate tax under section 115JB — Commissioner of income tax vs. Harrisons Malayalam Ltd. [2019] 414 ITR 344 (Kerala)

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