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of <h1>High Court affirms Tribunal's decision allowing deduction for business expense</h1> <h3>Commissioner Of Income-Tax Versus City Of Ahmedabad Spinning And Manufacturing Co. Limited</h3> Commissioner Of Income-Tax Versus City Of Ahmedabad Spinning And Manufacturing Co. Limited - [1992] 198 ITR 424, 107 CTR 258 The High Court of Gujarat ruled in favor of the assessee, allowing the deduction of Rs. 31,519 as a business expense. The Tribunal's decision was upheld, stating that the entire expenditure was incurred for business purposes and not for the house property. The Revenue's appeal was dismissed.
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