What lobe of the brain lying under the lateral sulcus receives gustatory stimuli from taste buds and olfactory stimuli from olfactory receptors?

The lobe of the brain that lies under the lateral sulcus and is responsible for receiving gustatory stimuli from taste buds and olfactory stimuli from olfactory receptors is the insula, or insular cortex. This region plays a crucial role in processing taste and integrating it with olfactory information, contributing to the perception of flavor. The insula is also involved in various other functions, including emotion and interoception.