https://www.taxtmi.com/caselaws?id=28695 The court affirmed the disallowance of the assessee's claim for deduction of guest house expenses due to non-maintenance of required records. Regarding entertainment and business promotion expenses, the court directed the Tribunal to re-examine the expenditure claims based on established legal principles. The classification of the assessee as an "industrial company" was also subject to re-evaluation by the Tribunal to determine if it was mainly engaged in processing goods. The case concluded with instructions for the Tribunal to reassess the claims and classification without awarding costs. en-us Mon, 27 Dec 1982 00:00:00 +0530 Wed, 24 Feb 2010 18:42:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28695 The court affirmed the disallowance of the assessee's claim for deduction of guest house expenses due to non-maintenance of required records. Regarding entertainment and business promotion expenses, the court directed the Tribunal to re-examine the expenditure claims based on established legal principles. The classification of the assessee as an "industrial company" was also subject to re-evaluation by the Tribunal to determine if it was mainly engaged in processing goods. The case concluded with instructions for the Tribunal to reassess the claims and classification without awarding costs. Case-Laws Income Tax Mon, 27 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28695