1997 (3) TMI 82 - HC - Income Tax

Summary

The High Court of Delhi, in a judgment related to the assessment year 1974-75, addressed two questions referred by the Revenue. The court ruled that expenditure on hospitality was not entertainment expenditure and fines for municipal petty traffic offenses were not deductible. The judgment favored the assessee for the first question and the Revenue for the second question. (Case citation: 1997 (3) TMI 82 - DELHI High Court)