https://www.taxtmi.com/caselaws?id=17752 The High Court ruled in favor of the Revenue, disallowing the deduction of interest paid to the Income-tax Department under section 220(2) as it was not considered an allowable business expense. The court referred the issue of classifying expenses for supplying tea, coffee, etc., as entertainment expenditure back to the Tribunal for reevaluation based on legal principles outlined in a Supreme Court judgment. en-us Fri, 04 Oct 1996 00:00:00 +0530 Thu, 24 Sep 2009 15:57:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17752 The High Court ruled in favor of the Revenue, disallowing the deduction of interest paid to the Income-tax Department under section 220(2) as it was not considered an allowable business expense. The court referred the issue of classifying expenses for supplying tea, coffee, etc., as entertainment expenditure back to the Tribunal for reevaluation based on legal principles outlined in a Supreme Court judgment. Case-Laws Income Tax Fri, 04 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17752