1988 (7) TMI 22 - HC - Income Tax

Summary

The High Court of Calcutta ruled that expenses on repairs of premises taken on rent by the assessee for its employees were a permissible deduction as they were considered business expenses. The Tribunal upheld the decision, stating that the repairs were made for the purpose of the business and were incurred in the interest of business. The court answered the question in favor of the assessee with no order as to costs.