https://www.taxtmi.com/caselaws?id=15416 The High Court ruled in favor of the assessee, allowing the deduction of expenditure on foreign customers as necessary hospitality for business, not entertainment expenses under section 37(2B) of the Income Tax Act, 1961. The Court affirmed that the expenses were for business purposes and not hit by section 37(2B) as entertainment expenses, emphasizing the nature of an exporter's business justifies providing hospitality to foreign customers. en-us Wed, 22 Dec 1999 00:00:00 +0530 Thu, 06 Aug 2009 13:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15416 The High Court ruled in favor of the assessee, allowing the deduction of expenditure on foreign customers as necessary hospitality for business, not entertainment expenses under section 37(2B) of the Income Tax Act, 1961. The Court affirmed that the expenses were for business purposes and not hit by section 37(2B) as entertainment expenses, emphasizing the nature of an exporter's business justifies providing hospitality to foreign customers. Case-Laws Income Tax Wed, 22 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15416