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of <h1>Guest house expenses deductible as trading expenses under Income-tax Act</h1> <h3>Commissioner Of Income-Tax Versus Sarabhai Management Corporation Limited</h3> Commissioner Of Income-Tax Versus Sarabhai Management Corporation Limited - [1992] 196 ITR 436, 103 CTR 218 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.
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