https://www.taxtmi.com/caselaws?id=13619 The High Court held that the expenses of Rs. 1,71,791 claimed by the State Bank of Bikaner & Jaipur as entertainment expenses were justified as business development expenditure. The court found the amount reasonable for entertaining customers and visitors across the bank's 400 branches. The Tribunal's decision to treat the expenses as business development expenditure was upheld, emphasizing that the assessing authority should consider the specific circumstances of each case in determining whether entertainment expenses can be classified as business development expenditure. The reference to the High Court was deemed unjustified, and the Revenue's appeal was dismissed. en-us Thu, 06 Jul 2006 00:00:00 +0530 Sat, 30 May 2009 16:46:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13619 The High Court held that the expenses of Rs. 1,71,791 claimed by the State Bank of Bikaner & Jaipur as entertainment expenses were justified as business development expenditure. The court found the amount reasonable for entertaining customers and visitors across the bank's 400 branches. The Tribunal's decision to treat the expenses as business development expenditure was upheld, emphasizing that the assessing authority should consider the specific circumstances of each case in determining whether entertainment expenses can be classified as business development expenditure. The reference to the High Court was deemed unjustified, and the Revenue's appeal was dismissed. Case-Laws Income Tax Thu, 06 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13619