https://www.taxtmi.com/caselaws?id=21455 The High Court of Delhi ruled in favor of the assessee in a case involving the interpretation of section 37(2B) of the Income-tax Act, 1961, regarding entertainment expenses. The court found that the sum claimed as Rasoi expenses by a firm of commission agents and dealers in cloth was necessary for carrying on the business and not entertainment in nature. Despite arguments by the Revenue, the court upheld the decision, emphasizing that the expenditure, although significant, did not qualify as entertainment expenses in the business context. The court referenced previous judgments and precedent to support its decision. en-us Mon, 24 Feb 1992 00:00:00 +0530 Tue, 24 Nov 2009 15:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21455 The High Court of Delhi ruled in favor of the assessee in a case involving the interpretation of section 37(2B) of the Income-tax Act, 1961, regarding entertainment expenses. The court found that the sum claimed as Rasoi expenses by a firm of commission agents and dealers in cloth was necessary for carrying on the business and not entertainment in nature. Despite arguments by the Revenue, the court upheld the decision, emphasizing that the expenditure, although significant, did not qualify as entertainment expenses in the business context. The court referenced previous judgments and precedent to support its decision. Case-Laws Income Tax Mon, 24 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21455