https://www.taxtmi.com/caselaws?id=25613 Expenditure on supplying bare meals to customers and constituents in the assessee's commission agency business was held to be deductible as business expenditure. Applying the earlier binding view on identical facts, the court treated the spending as incurred for business purposes and not as entertainment expenditure. Accordingly, the disallowance under section 37(2B) of the Income-tax Act, 1961, did not apply, and the reference was answered in favour of the assessee. en-us Thu, 11 Sep 1986 00:00:00 +0530 Fri, 29 Jan 2010 17:06:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25613 Expenditure on supplying bare meals to customers and constituents in the assessee's commission agency business was held to be deductible as business expenditure. Applying the earlier binding view on identical facts, the court treated the spending as incurred for business purposes and not as entertainment expenditure. Accordingly, the disallowance under section 37(2B) of the Income-tax Act, 1961, did not apply, and the reference was answered in favour of the assessee. Case-Laws Income Tax Thu, 11 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25613