https://www.taxtmi.com/caselaws?id=17726 Ordinary meals provided as customary hospitality were treated as outside entertainment expenditure for the relevant assessment year, because the later enlarged definition in the Explanation to section 37(2A) of the Income-tax Act, 1961 did not apply; the claim was allowed for the assessee. By contrast, fines paid for municipal petty traffic offences were held to be penalties for breach of law and therefore not expenditure laid out wholly and exclusively for business purposes; the deduction was denied. The reference was thus answered partly for the assessee and partly for the Revenue, with no order as to costs. en-us Thu, 27 Mar 1997 00:00:00 +0530 Thu, 24 Sep 2009 13:25:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17726 Ordinary meals provided as customary hospitality were treated as outside entertainment expenditure for the relevant assessment year, because the later enlarged definition in the Explanation to section 37(2A) of the Income-tax Act, 1961 did not apply; the claim was allowed for the assessee. By contrast, fines paid for municipal petty traffic offences were held to be penalties for breach of law and therefore not expenditure laid out wholly and exclusively for business purposes; the deduction was denied. The reference was thus answered partly for the assessee and partly for the Revenue, with no order as to costs. Case-Laws Income Tax Thu, 27 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17726