1971 (12) TMI 37 - HC - Income Tax

Summary

The High Court of Andhra Pradesh considered two questions in this judgment. The first question was about the deduction of expenses for maintaining a guest house, which was allowed as a business expenditure. The second question was regarding an irrecoverable amount advanced to an Employees' Co-operative Society, which was disallowed as a bad debt. The court ruled in favor of the assessee for the first question and against the assessee for the second question.