https://www.taxtmi.com/caselaws?id=35657 Hospitality expenditure incurred to provide messing or meals to trade constituents in accordance with a long-standing trade custom was not treated as entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. Where such hospitality is rendered in discharge of an express or implied business obligation, or pursuant to established trade practice, it falls outside the disallowance for entertainment expenditure. The expenditure was therefore allowable, and the question was answered in favour of the assessee and against the Revenue. en-us Thu, 04 Dec 1980 00:00:00 +0530 Mon, 15 Mar 2010 17:50:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35657 Hospitality expenditure incurred to provide messing or meals to trade constituents in accordance with a long-standing trade custom was not treated as entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. Where such hospitality is rendered in discharge of an express or implied business obligation, or pursuant to established trade practice, it falls outside the disallowance for entertainment expenditure. The expenditure was therefore allowable, and the question was answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Thu, 04 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35657