https://www.taxtmi.com/caselaws?id=36571 The High Court of Karnataka dismissed an application under s. 256(2) of the I.T. Act, 1961, regarding expenditure incurred by an assessee-company on catering and refreshments for its shareholders and guests at a general body meeting. The Court held that such expenditure did not constitute entertainment expenditure and therefore, the restrictions under s. 37(2A) of the Act were not applicable. The Tribunal's decision was upheld as there was no question of law to be referred. en-us Mon, 05 Apr 1976 00:00:00 +0530 Tue, 23 Mar 2010 12:11:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36571 The High Court of Karnataka dismissed an application under s. 256(2) of the I.T. Act, 1961, regarding expenditure incurred by an assessee-company on catering and refreshments for its shareholders and guests at a general body meeting. The Court held that such expenditure did not constitute entertainment expenditure and therefore, the restrictions under s. 37(2A) of the Act were not applicable. The Tribunal's decision was upheld as there was no question of law to be referred. Case-Laws Income Tax Mon, 05 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36571