1997 (8) TMI 54 - HC - Income Tax

Summary

The High Court of Delhi ruled in a reference under section 256(1) of the Income-tax Act, 1961 that the disallowance of hotel expenses of partners exceeding the prescribed ceiling was justified. The court held that partners are included in the meaning of "any other person" under the Income-tax Rules, 1962. The decision favored the Revenue and no costs were awarded.