https://www.taxtmi.com/caselaws?id=26469 The High Court ruled in favor of the assessee regarding the allowability of business expenditure on meals, tea, coffee, and light refreshments, and the interpretation of Section 35D(2)(c)(iv). The Court upheld the Tribunal's decisions in these matters. However, the Court sided with the Department against the assessee on the issue of including borrowed capital for relief under Section 80J. The High Court's decision aligned with the Tribunal's findings on the first two issues but diverged on the third, resulting in a split outcome. en-us Mon, 04 Nov 1985 00:00:00 +0530 Fri, 05 Feb 2010 12:29:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26469 The High Court ruled in favor of the assessee regarding the allowability of business expenditure on meals, tea, coffee, and light refreshments, and the interpretation of Section 35D(2)(c)(iv). The Court upheld the Tribunal's decisions in these matters. However, the Court sided with the Department against the assessee on the issue of including borrowed capital for relief under Section 80J. The High Court's decision aligned with the Tribunal's findings on the first two issues but diverged on the third, resulting in a split outcome. Case-Laws Income Tax Mon, 04 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26469