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of <h1>Tax Court: Meals for trade constituents not entertainment expense under Income-tax Act</h1> <h3>Commissioner Of Income-Tax Versus Navalmal Punamchand</h3> Commissioner Of Income-Tax Versus Navalmal Punamchand - [1982] 135 ITR 801 The High Court of Madhya Pradesh ruled that expenditure on providing meals to trade constituents is not entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. The decision was based on a previous case law. The court's answer to the question was affirmative, against the revenue. The reference was answered accordingly, with each party bearing their own costs.
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