https://www.taxtmi.com/caselaws?id=20833 The High Court of Gujarat classified income derived from letting out part of a factory building under 'Income from house property' instead of 'Income from other sources'. The court ruled in favor of the assessee, departing from a previous decision, for the relevant assessment years. Regarding entertainment expenditure, the court allowed the deduction of tea and messing expenses under section 37(2B) of the Income-tax Act, 1961, for the assessment years 1971-72 and 1972-73, considering the nature of the business and trade custom, contrary to the Income-tax Officer's disallowance upheld by the Appellate Assistant Commissioner. en-us Tue, 25 Aug 1992 00:00:00 +0530 Tue, 17 Nov 2009 14:08:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20833 The High Court of Gujarat classified income derived from letting out part of a factory building under 'Income from house property' instead of 'Income from other sources'. The court ruled in favor of the assessee, departing from a previous decision, for the relevant assessment years. Regarding entertainment expenditure, the court allowed the deduction of tea and messing expenses under section 37(2B) of the Income-tax Act, 1961, for the assessment years 1971-72 and 1972-73, considering the nature of the business and trade custom, contrary to the Income-tax Officer's disallowance upheld by the Appellate Assistant Commissioner. Case-Laws Income Tax Tue, 25 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20833