1981 (8) TMI 175

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....end for promotion of its business and also to start a new unit if possible. In that view of the matter the assessee thought it fit to expend over the principals of the companies and visitors for their loading and meals etc. The assessee accordingly had premises for negotiation and talk for a period of seven months. The premises were only of 100 sq. ft and certain other arrangements were made. The ....

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....s and gone through the orders of the authorities below and the compilation filed by the ld. Deptl. Rep. At the very outset I must admit that the alleged guest house was not a guest house. In the true sense of the term it was only a room having 100 sq. ft area which by no imagination can be treated as guest house. The premises were used only for talks and negotiations and the principals of the comp....