https://www.taxtmi.com/caselaws?id=16302 The High Court of Gujarat ruled on two issues in the case: 1) Expenditure on entertainment was disallowed as per section 37(2B) of the Income-tax Act due to the broadened definition of "entertainment expenditure" under Explanation 2 of section 37(2A), directing the Tribunal to reconsider the matter. 2) The assessee was entitled to a deduction for using the trade mark 'Tebilized' as it did not create a permanent asset, aligning with past decisions on similar cases. The court's judgment favored the assessee on the deduction for the trade mark but disallowed the entertainment expenditure claim. en-us Fri, 17 Apr 1998 00:00:00 +0530 Sat, 05 Sep 2009 16:58:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16302 The High Court of Gujarat ruled on two issues in the case: 1) Expenditure on entertainment was disallowed as per section 37(2B) of the Income-tax Act due to the broadened definition of "entertainment expenditure" under Explanation 2 of section 37(2A), directing the Tribunal to reconsider the matter. 2) The assessee was entitled to a deduction for using the trade mark 'Tebilized' as it did not create a permanent asset, aligning with past decisions on similar cases. The court's judgment favored the assessee on the deduction for the trade mark but disallowed the entertainment expenditure claim. Case-Laws Income Tax Fri, 17 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16302