https://www.taxtmi.com/caselaws?id=16322 The High Court ruled in favor of the Revenue, holding that entertainment expenditure incurred outside India by the assessee, even on its employees, is not eligible for weighted deduction under section 35B of the Income-tax Act, 1961. The Court emphasized that the benefit of section 35B does not apply when computing profits and gains of an insurance business. The judgment was specific to the assessment year 1977-78, and the Court directed the cases to be treated as disposed of accordingly. en-us Wed, 26 Aug 1998 00:00:00 +0530 Mon, 07 Sep 2009 10:25:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16322 The High Court ruled in favor of the Revenue, holding that entertainment expenditure incurred outside India by the assessee, even on its employees, is not eligible for weighted deduction under section 35B of the Income-tax Act, 1961. The Court emphasized that the benefit of section 35B does not apply when computing profits and gains of an insurance business. The judgment was specific to the assessment year 1977-78, and the Court directed the cases to be treated as disposed of accordingly. Case-Laws Income Tax Wed, 26 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16322