2002 (1) TMI 1304 - HC - Income Tax

Summary

The High Court of Rajasthan considered two questions regarding income tax deductions. The court ruled that expenses for preparing tax returns are not wholly for business purposes and disallowed the deduction. However, expenses incurred on customers were allowed as per section 37(2A) based on a previous court decision. The court ruled in favor of the revenue on the first question and in favor of the assessee on the second question.