1983 (10) TMI 284 - HC - Income Tax

Summary

The High Court of Bombay addressed three questions of law under the Income-tax Act, 1961. Question 2 was answered in favor of the assessee based on a previous court decision. Question 3 was answered in favor of the revenue based on a Supreme Court decision. Question 1 was ruled in favor of the assessee as the expenses were deemed integral to business activities, not entertainment expenditure.