https://www.taxtmi.com/caselaws?id=35693 The High Court of Madhya Pradesh ruled in favor of the assessee in a case involving the interpretation of entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. The court held that messing expenses provided to trade constituents did not constitute entertainment expenditure, citing precedents that acts of hospitality as part of business obligations or trade customs do not fall under this category. The court answered the reference question affirmatively, directing each party to bear their own costs related to the case. en-us Fri, 12 Sep 1980 00:00:00 +0530 Tue, 16 Mar 2010 11:41:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35693 The High Court of Madhya Pradesh ruled in favor of the assessee in a case involving the interpretation of entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. The court held that messing expenses provided to trade constituents did not constitute entertainment expenditure, citing precedents that acts of hospitality as part of business obligations or trade customs do not fall under this category. The court answered the reference question affirmatively, directing each party to bear their own costs related to the case. Case-Laws Income Tax Fri, 12 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35693