https://www.taxtmi.com/caselaws?id=37686 Coffee and tea served by a banking company to customers during business hours, as a matter of courtesy and without any formal host-guest relationship or reception, were held not to be entertainment expenditure within section 37(2B) of the Income-tax Act. The court read "entertainment" in its ordinary sense and in the context of the provision, finding that modest hospitality incidental to carrying on banking business fell outside the statutory prohibition. The expenditure was therefore allowable as business expenditure under section 37(1), in favour of the assessee. en-us Tue, 06 Feb 1979 00:00:00 +0530 Wed, 31 Mar 2010 13:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37686 Coffee and tea served by a banking company to customers during business hours, as a matter of courtesy and without any formal host-guest relationship or reception, were held not to be entertainment expenditure within section 37(2B) of the Income-tax Act. The court read "entertainment" in its ordinary sense and in the context of the provision, finding that modest hospitality incidental to carrying on banking business fell outside the statutory prohibition. The expenditure was therefore allowable as business expenditure under section 37(1), in favour of the assessee. Case-Laws Income Tax Tue, 06 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37686