https://www.taxtmi.com/caselaws?id=27502 The High Court of Gujarat ruled in favor of the tax authorities, disallowing the claimed foreign tour expenses of the managing director's wife as business expenditure for the assessment years 1960-61 to 1964-65. The court held that such expenses were personal in nature, even though argued as necessary due to the managing director's health condition. The judgment underscores the distinction between personal and business expenses, emphasizing the need to maintain clear boundaries in tax matters. en-us Thu, 09 Oct 1975 00:00:00 +0530 Sat, 13 Feb 2010 12:34:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27502 The High Court of Gujarat ruled in favor of the tax authorities, disallowing the claimed foreign tour expenses of the managing director's wife as business expenditure for the assessment years 1960-61 to 1964-65. The court held that such expenses were personal in nature, even though argued as necessary due to the managing director's health condition. The judgment underscores the distinction between personal and business expenses, emphasizing the need to maintain clear boundaries in tax matters. Case-Laws Income Tax Thu, 09 Oct 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27502