https://www.taxtmi.com/caselaws?id=288730 The Tribunal upheld the disallowance of entertainment expenditure under Section 37(2A) of the Income Tax Act, reducing the disallowed amount to Rs. 2,21,490. Additionally, the Tribunal rejected the Investment Allowance claim for a computer installed by the assessee, determining that the computer was not eligible for Investment Allowance as it was used for office purposes and not for manufacturing commercial commodities. The Tribunal concluded that the assessee did not meet the criteria for being considered a small-scale industry and was not entitled to Investment Allowance. en-us Tue, 11 Dec 1990 00:00:00 +0530 Thu, 25 Jun 2020 13:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288730 The Tribunal upheld the disallowance of entertainment expenditure under Section 37(2A) of the Income Tax Act, reducing the disallowed amount to Rs. 2,21,490. Additionally, the Tribunal rejected the Investment Allowance claim for a computer installed by the assessee, determining that the computer was not eligible for Investment Allowance as it was used for office purposes and not for manufacturing commercial commodities. The Tribunal concluded that the assessee did not meet the criteria for being considered a small-scale industry and was not entitled to Investment Allowance. Case-Laws Income Tax Tue, 11 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288730