https://www.taxtmi.com/caselaws?id=24296 Earlier binding rulings between the same parties governed the reference, so the Tribunal's finding that remuneration paid to two employees was unreasonable under section 40C was upheld and the salary disallowance for the relevant assessment years was sustained. Applying the same precedent, the Court also treated tea, coffee, coca cola, and similar hospitality provided to customers during business hours as entertainment expenditure within section 37(2A), making it disallowable. All referred questions were answered in favour of the Revenue and against the assessee. en-us Thu, 17 Nov 1988 00:00:00 +0530 Sun, 06 Feb 2011 05:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24296 Earlier binding rulings between the same parties governed the reference, so the Tribunal's finding that remuneration paid to two employees was unreasonable under section 40C was upheld and the salary disallowance for the relevant assessment years was sustained. Applying the same precedent, the Court also treated tea, coffee, coca cola, and similar hospitality provided to customers during business hours as entertainment expenditure within section 37(2A), making it disallowable. All referred questions were answered in favour of the Revenue and against the assessee. Case-Laws Income Tax Thu, 17 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24296