https://www.taxtmi.com/caselaws?id=26849 Expenditure on meals, tea, soft drinks and similar refreshments provided to trade constituents and customers in the course of business was not treated as entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. The Court followed its earlier ruling that messing or comparable refreshment expenses incurred for business contacts do not, by that fact alone, fall within the statutory disallowance. The expenditure therefore remained allowable as a deduction. en-us Thu, 20 Feb 1986 00:00:00 +0530 Mon, 08 Feb 2010 18:38:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26849 Expenditure on meals, tea, soft drinks and similar refreshments provided to trade constituents and customers in the course of business was not treated as entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. The Court followed its earlier ruling that messing or comparable refreshment expenses incurred for business contacts do not, by that fact alone, fall within the statutory disallowance. The expenditure therefore remained allowable as a deduction. Case-Laws Income Tax Thu, 20 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26849