https://www.taxtmi.com/caselaws?id=66476 The tribunal affirmed the rectification of the assessment order disallowing entertainment expenditure under section 37(2A) of the Income-tax Act, 1961, based on a retrospective legislative amendment. The Commissioner (Appeals) upheld the rectification order, stating its validity in law following the amendment. The tribunal rejected the assessee's arguments against the rectification, emphasizing the impact of the retrospective amendment broadening the scope of entertainment expenditure to cover hospitality expenses. The tribunal concluded that any form of hospitality provided constitutes entertainment expenditure, upholding the rectification and dismissing the appeal. en-us Fri, 21 Jun 1985 00:00:00 +0530 Thu, 24 Feb 2011 18:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66476 The tribunal affirmed the rectification of the assessment order disallowing entertainment expenditure under section 37(2A) of the Income-tax Act, 1961, based on a retrospective legislative amendment. The Commissioner (Appeals) upheld the rectification order, stating its validity in law following the amendment. The tribunal rejected the assessee's arguments against the rectification, emphasizing the impact of the retrospective amendment broadening the scope of entertainment expenditure to cover hospitality expenses. The tribunal concluded that any form of hospitality provided constitutes entertainment expenditure, upholding the rectification and dismissing the appeal. Case-Laws Income Tax Fri, 21 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66476