https://www.taxtmi.com/caselaws?id=63007 The Tribunal held that the expenditure on free tickets issued by the assessee did not constitute entertainment expenditure under section 37(2A) of the Income-tax Act, 1961. The Tribunal found that the free tickets were necessary for business promotion, not lavish, and fell within the scope of allowable business expenses under section 37(1). Despite a separate opinion by the Judicial Member, the majority decision favored the assessee, allowing the appeals and deleting the disallowances imposed by the Income Tax Officer and upheld by the Commissioner (Appeals). en-us Wed, 28 Jan 1987 00:00:00 +0530 Thu, 27 Jan 2011 12:34:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63007 The Tribunal held that the expenditure on free tickets issued by the assessee did not constitute entertainment expenditure under section 37(2A) of the Income-tax Act, 1961. The Tribunal found that the free tickets were necessary for business promotion, not lavish, and fell within the scope of allowable business expenses under section 37(1). Despite a separate opinion by the Judicial Member, the majority decision favored the assessee, allowing the appeals and deleting the disallowances imposed by the Income Tax Officer and upheld by the Commissioner (Appeals). Case-Laws Income Tax Wed, 28 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63007