https://www.taxtmi.com/caselaws?id=23639 The Tribunal upheld the decision of the Appellate Assistant Commissioner, ruling that the expenditure on gifts to customers during festivals and weddings did not fall under rule 6B as it was customary in business dealings and lacked advertisement value. The Tribunal also found that the expenses were not disallowable under section 37(3) of the Income-tax Act as they did not serve any promotional function for the assessee. The court, led by Mrs. Leila Seth and Arun B. Saharya, dismissed the application, deeming the expenditure allowable and customary in business practice. en-us Tue, 17 Jan 1989 00:00:00 +0530 Wed, 23 Dec 2009 10:17:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23639 The Tribunal upheld the decision of the Appellate Assistant Commissioner, ruling that the expenditure on gifts to customers during festivals and weddings did not fall under rule 6B as it was customary in business dealings and lacked advertisement value. The Tribunal also found that the expenses were not disallowable under section 37(3) of the Income-tax Act as they did not serve any promotional function for the assessee. The court, led by Mrs. Leila Seth and Arun B. Saharya, dismissed the application, deeming the expenditure allowable and customary in business practice. Case-Laws Income Tax Tue, 17 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23639