https://www.taxtmi.com/caselaws?id=67015 Messing expenses incurred for customers in the course of a dalali business were examined for treatment as entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. The assessee contended that the outlay represented customary business-related spending in a commission business involving cotton, hundi and house property dealings. On the stated facts, the Tribunal noted the business needs of contacting different persons, the limited size of the claim relative to commission income, and the reasonable business nexus of the expenditure. The claim was held allowable in full and the disallowance was deleted. en-us Mon, 28 Dec 1981 00:00:00 +0530 Tue, 08 Mar 2011 17:34:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67015 Messing expenses incurred for customers in the course of a dalali business were examined for treatment as entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. The assessee contended that the outlay represented customary business-related spending in a commission business involving cotton, hundi and house property dealings. On the stated facts, the Tribunal noted the business needs of contacting different persons, the limited size of the claim relative to commission income, and the reasonable business nexus of the expenditure. The claim was held allowable in full and the disallowance was deleted. Case-Laws Income Tax Mon, 28 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67015