Expenses for Meals Not Deductible under Income-tax Act

The High Court of Allahabad held that expenses for serving ordinary meals to customers and constituents are not deductible under section 37(2B) of the Income-tax Act, 1961. The ruling favored the Revenue over the assessee based on precedent.

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The High Court of Allahabad ruled that expenses incurred for serving ordinary meals to customers and constituents by an assessee company are not deductible under section 37(2B) of the Income-tax Act, 1961. The decision was based on a previous ruling by the court. The judgment favored the Revenue and not the assessee.

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