https://www.taxtmi.com/caselaws?id=36568 The High Court of Gujarat ruled in favor of a cooperative society, allowing its expenses on travelling and purchasing utensils for presentation to members during its silver jubilee as business expenditures. The court emphasized the importance of maintaining good relations with members and generating goodwill in business operations, stating that such expenses were not for advertising but to enhance goodwill and business relationships. The decision highlighted that expenses incurred for these purposes are considered legitimate business expenditures, directing the Commissioner to pay the costs of the reference. en-us Mon, 15 Sep 1980 00:00:00 +0530 Tue, 23 Mar 2010 12:03:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36568 The High Court of Gujarat ruled in favor of a cooperative society, allowing its expenses on travelling and purchasing utensils for presentation to members during its silver jubilee as business expenditures. The court emphasized the importance of maintaining good relations with members and generating goodwill in business operations, stating that such expenses were not for advertising but to enhance goodwill and business relationships. The decision highlighted that expenses incurred for these purposes are considered legitimate business expenditures, directing the Commissioner to pay the costs of the reference. Case-Laws Income Tax Mon, 15 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36568