1980 (6) TMI 50 - AT - Income Tax

Summary

The Appellate Tribunal ITAT BOMBAY-D dismissed the Departmental Appeal in the case of M/s. Chandalal Taksali & Co. for the assessment year 1975-76. The assessee, a Commission Agency of fruits and vegetables, claimed messing expenses which were disallowed by the ITO but accepted by the AAC based on relevant court decisions. The Tribunal confirmed the AAC's decision citing a Supreme Court ruling on entertainment expenses.