https://www.taxtmi.com/caselaws?id=8411 The court held that the sum of Rs. 29,643 represented income of the assessee for the assessment year 1962-63. Regarding the disallowance of Rs. 8,679 as business expenditure, the court concluded that it was a legitimate business expense, overturning the decision of the Tribunal. The court ruled in favor of the assessee on the second issue and directed the parties to bear their own costs in the reference. en-us Fri, 26 Feb 1971 00:00:00 +0530 Wed, 15 Apr 2009 09:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8411 The court held that the sum of Rs. 29,643 represented income of the assessee for the assessment year 1962-63. Regarding the disallowance of Rs. 8,679 as business expenditure, the court concluded that it was a legitimate business expense, overturning the decision of the Tribunal. The court ruled in favor of the assessee on the second issue and directed the parties to bear their own costs in the reference. Case-Laws Income Tax Fri, 26 Feb 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8411