1988 (9) TMI 4 - HC - Income Tax

Summary

The High Court of Bombay considered an application regarding amounts spent on refreshments for customers. The court found that the Income-tax Officer did not properly scrutinize the expenses and disallowed them as entertainment expenditure. The Tribunal partially disallowed the expenses without necessary details. The court held that the entire amount was not liable for disallowance and discharged the rule. The court expressed dissatisfaction with the Income-tax Officer's handling of the matter.