2000 (3) TMI 15 - HC - Income Tax

Summary

The High Court of Bombay dismissed an appeal regarding the disallowance of expenditure on hiring yellow taxis under section 37(3A) of the Income-tax Act, 1961 for the assessment year 1985-86. The court found that section 37(3B) did not apply to the case as it specifically mentioned hire charges for engaging cars, not taxis. The appeal was dismissed with no costs.