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of <h1>High Court rules against assessee in expenditure dispute under Income Tax Act</h1> <h3>M/s Kraft Palace Versus CIT.</h3> M/s Kraft Palace Versus CIT. - tmi The High Court of Allahabad, in the case of 2009 (10) TMI 2 - ALLAHABAD HIGH COURT, heard a dispute related to the Assessment Years 1982-1983 and 1983-1984. The case involved a question referred by the Income Tax Appellate Tribunal, Delhi Bench C, regarding the interpretation of Section 37(2A) of the Income Tax Act. The petitioner, represented by Piyush Agarwal, contested the disallowance of expenditure incurred on providing mineral and aerated water to foreign customers as 'hospitality' by the Tribunal. The Commissioner, Income-tax, Agra initially deleted a portion of the disallowed amount, but the Tribunal ultimately dismissed the appeal filed by the assessee. The High Court, after considering the arguments presented by both sides, concluded that the controversy was settled by previous authoritative judgments and that the expenditure disallowed by the Tribunal could not be allowed under Section 37(1) of the Income Tax Act. Therefore, the Court ruled in favor of the department and against the assessee. No costs were awarded in the judgment.
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