https://www.taxtmi.com/caselaws?id=10589 The High Court of Gujarat partially upheld the Tribunal's decision in a case involving the interpretation of section 37(2A) of the Income-tax Act, 1961. The Court ruled in favor of the respondent-assessee regarding presentation articles, considering them not entertainment expenditure but for goodwill. However, the Court sided with the applicant-Revenue on sales expenses, deeming them entertainment expenditure for providing hospitality to company guests. The judgment clarified the distinction between hospitality and entertainment in business expenses under section 37(2A). en-us Mon, 14 Mar 2005 00:00:00 +0530 Sat, 18 Jul 2009 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10589 The High Court of Gujarat partially upheld the Tribunal's decision in a case involving the interpretation of section 37(2A) of the Income-tax Act, 1961. The Court ruled in favor of the respondent-assessee regarding presentation articles, considering them not entertainment expenditure but for goodwill. However, the Court sided with the applicant-Revenue on sales expenses, deeming them entertainment expenditure for providing hospitality to company guests. The judgment clarified the distinction between hospitality and entertainment in business expenses under section 37(2A). Case-Laws Income Tax Mon, 14 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10589