1993 (9) TMI 59

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....e Income-tax Appellate Tribunal has referred the following questions under section 256(1) of the Income-tax Act, 1961 pertaining to the assessment year 1973-74, for our opinion : " 1. Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal has been right in law in holding that the amount of Rs. 26,943 is not disallowable under section 37(4) of the Act as gu....

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....roducers' Union Ltd. [1991] 192 ITR 608, held that, so far as guest house expenses were concerned, the Tribunal has rightly held that the expenditure was incurred out of commercial expediency to meet customary hospitality for providing lunch or dinner to the visitors, employees and technicians who visited the factory. That decision pertains to the previous assessment years between the same parties....