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of <h1>High Court of Bombay rules on expenses, assessee prevails on Question 1, 2; revenue wins Question 3.</h1> <h3>Commissioner of Income-Tax Versus Bennete Coleman & Co. Ltd.</h3> The High Court of Bombay ruled in favor of the assessee on Question 1, deeming expenses integral to business activities. Question 2 was decided in favor ... - The High Court of Bombay addressed three questions of law under the Income-tax Act, 1961. Question 2 was answered in favor of the assessee based on a previous court decision. Question 3 was answered in favor of the revenue based on a Supreme Court decision. Question 1 was ruled in favor of the assessee as the expenses were deemed integral to business activities, not entertainment expenditure.
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