https://www.taxtmi.com/caselaws?id=10766 The High Court ruled in favor of the respondent, a public limited company running hotels, in a case involving the interpretation of section 37(2B) of the Income-tax Act, 1961 regarding entertainment expenditure. The Court found that the respondent provided free facilities to a tourist agent representative as per an International Hotel Convention agreement, without incurring any expenditure. Consequently, the provisions of section 37(2B) were deemed inapplicable, leading to the deletion of the entertainment expenditure and a decision against the Revenue. en-us Wed, 01 Dec 2004 00:00:00 +0530 Fri, 24 Jul 2009 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10766 The High Court ruled in favor of the respondent, a public limited company running hotels, in a case involving the interpretation of section 37(2B) of the Income-tax Act, 1961 regarding entertainment expenditure. The Court found that the respondent provided free facilities to a tourist agent representative as per an International Hotel Convention agreement, without incurring any expenditure. Consequently, the provisions of section 37(2B) were deemed inapplicable, leading to the deletion of the entertainment expenditure and a decision against the Revenue. Case-Laws Income Tax Wed, 01 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10766