https://www.taxtmi.com/caselaws?id=19673 The court ruled in favor of the assessees, confirming that the expenses incurred, including mess expenses, hospitality expenses in hotels, and beoparies expenses, were allowable as business expenditure and not entertainment expenditure under section 37(2B). The court also clarified that the retrospective effect of Explanation 2 to section 37(2A, regarding hospitality expenses, was limited to assessments from April 1, 1976. No costs were awarded in this case. en-us Wed, 21 Sep 1994 00:00:00 +0530 Sat, 07 Nov 2009 17:38:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19673 The court ruled in favor of the assessees, confirming that the expenses incurred, including mess expenses, hospitality expenses in hotels, and beoparies expenses, were allowable as business expenditure and not entertainment expenditure under section 37(2B). The court also clarified that the retrospective effect of Explanation 2 to section 37(2A, regarding hospitality expenses, was limited to assessments from April 1, 1976. No costs were awarded in this case. Case-Laws Income Tax Wed, 21 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19673