1991 (11) TMI 38 - HC - Income Tax

Summary

The High Court of Gujarat held that the expenditure of Rs. 32,382 for "Guest house expenses" by a private limited company providing facilities to staff members is a trading expense deductible under section 28 of the Income-tax Act, 1961. The Appellate Assistant Commissioner and Tribunal both confirmed this view, ruling against the Revenue. The question posed was answered in the affirmative with no order as to costs.