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of <h1>Soft drink expenses for customers not entertainment expenditure under Income-tax Act</h1> <h3>Commissioner Of Income Tax Versus Tamilnadu Mercantile Bank Ltd.</h3> Commissioner Of Income Tax Versus Tamilnadu Mercantile Bank Ltd. - [1998] 232 ITR 454 The High Court of Madras ruled that the expenditure incurred towards the supply of soft drinks to customers cannot be treated as entertainment expenditure and disallowed under section 37(2A) of the Income-tax Act, 1961. The Tribunal's decision was overturned in favor of the Department, citing a retrospective amendment introduced by the Finance Act, 1983. The court held that the expenditure was not for entertainment of employees and therefore cannot be allowed as a deduction.
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