ITAT allows guest house maintenance charges incurred to promote business activities 

Saurashtra Cement Limited Vs DCIT (ITAT Rajkot) In a recent ruling, the Income Tax Appellate Tribunal (ITAT) in Rajkot heard two appeals filed by Saurashtra Cement Limited concerning the assessment years (AY) 2014-15 and 2015-16. These appeals were directed against separate orders issued by the Learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, which arose from assessment orders passed by the Assessing Officer (AO) under Section 143(3) of the Income Tax Act, 1961. Both appeals, identified as ITA Nos. 362/Rjt/2023 and 363/Rjt/2023, faced delays in filin...