https://www.taxtmi.com/caselaws?id=270432 The High Court upheld the Tribunal's decision on both issues, ruling against the revenue. The Court affirmed that the expenditure for employees, including food and beverages, was deductible as business expenditure, not entertainment expenses. Additionally, the Court held that the late filing of the audit report did not justify denying the deduction under Section 80HHC. The appeal by the revenue was dismissed, providing guidance on the treatment of such expenditures and the flexibility in filing audit reports for claiming deductions under the Income Tax Act. en-us Fri, 14 Aug 2015 00:00:00 +0530 Wed, 06 Jan 2016 09:58:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270432 The High Court upheld the Tribunal's decision on both issues, ruling against the revenue. The Court affirmed that the expenditure for employees, including food and beverages, was deductible as business expenditure, not entertainment expenses. Additionally, the Court held that the late filing of the audit report did not justify denying the deduction under Section 80HHC. The appeal by the revenue was dismissed, providing guidance on the treatment of such expenditures and the flexibility in filing audit reports for claiming deductions under the Income Tax Act. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270432