Court rules food expenses for customers as deductible under Income-tax Act, staff-related costs also eligible The High Court of Allahabad held that expenditure on providing food to customers is not disallowed as entertainment expenditure under section 37(2B) of ...
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Court rules food expenses for customers as deductible under Income-tax Act, staff-related costs also eligible
The High Court of Allahabad held that expenditure on providing food to customers is not disallowed as entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. The court ruled that such expenditure is admissible under section 37 of the Act, particularly when providing food to staff. The Tribunal has the authority to address staff-related expenditure in its final orders under section 260 of the Act.
The High Court of Allahabad held that expenditure on providing food to customers cannot be disallowed as entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. The decision is based on a previous court ruling. Expenditure on providing food to staff is considered admissible under section 37 of the Act. The Tribunal may address any staff-related expenditure in its final orders under section 260 of the Act.
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