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of <h1>Banking company's coffee & tea service not entertainment expenditure under Income-tax Act</h1> <h3>Commissioner Of Income-Tax, Karnataka Versus Corporation Bank Limited</h3> Commissioner Of Income-Tax, Karnataka Versus Corporation Bank Limited - [1979] 117 ITR 271, 10 CTR 39, 2 TAXMANN 64 The High Court of Karnataka ruled that the expenditure incurred by a banking company on serving coffee and tea to customers during business hours does not constitute entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. The court held in favor of the assessee, stating that serving coffee and tea was a matter of courtesy and incidental to the business. The revenue's appeal was dismissed, and no costs were awarded.
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