https://www.taxtmi.com/caselaws?id=26171 The High Court dismissed one case and answered the reference against the Department in another, upholding the Tribunal's decisions. The court ruled in favor of the assessee on the interpretation of sales of coke as a distribution of assets, validity of deductions under sections 40A(3) and 40A(2)(a), and disallowance of entertainment expenses incurred by the firm. The court emphasized that these issues were primarily factual, and the Tribunal's decisions were appropriate, leading to favorable outcomes for the assessee. en-us Mon, 19 Aug 1985 00:00:00 +0530 Wed, 03 Feb 2010 12:53:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26171 The High Court dismissed one case and answered the reference against the Department in another, upholding the Tribunal's decisions. The court ruled in favor of the assessee on the interpretation of sales of coke as a distribution of assets, validity of deductions under sections 40A(3) and 40A(2)(a), and disallowance of entertainment expenses incurred by the firm. The court emphasized that these issues were primarily factual, and the Tribunal's decisions were appropriate, leading to favorable outcomes for the assessee. Case-Laws Income Tax Mon, 19 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26171