https://www.taxtmi.com/caselaws?id=21183 Tea, cold drinks and similar light refreshments provided to customers in the course of banking business were treated as customary courtesy and not as entertainment expenditure. The Court followed its earlier decisions and held that such spending did not fall within section 37(2B) of the Income-tax Act, 1961, so the disallowance could not be sustained beyond the amount voluntarily added back by the assessee. en-us Tue, 03 Nov 1992 00:00:00 +0530 Fri, 20 Nov 2009 15:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21183 Tea, cold drinks and similar light refreshments provided to customers in the course of banking business were treated as customary courtesy and not as entertainment expenditure. The Court followed its earlier decisions and held that such spending did not fall within section 37(2B) of the Income-tax Act, 1961, so the disallowance could not be sustained beyond the amount voluntarily added back by the assessee. Case-Laws Income Tax Tue, 03 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21183