https://www.taxtmi.com/caselaws?id=58126 Expenditure incurred for a film centenary celebration was treated as business expenditure because it was found to be in line with established trade custom and directed to promoting business image and future income. The Tribunal relied on binding Bombay HC precedent that expenses incurred pursuant to an established business custom do not constitute entertainment expenditure under the disallowance provision. As no material showed that this jurisdictional view had been overruled or displaced, the dispute did not give rise to a referable question of law, and reference was refused. en-us Tue, 02 Feb 1982 00:00:00 +0530 Fri, 17 Dec 2010 14:17:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58126 Expenditure incurred for a film centenary celebration was treated as business expenditure because it was found to be in line with established trade custom and directed to promoting business image and future income. The Tribunal relied on binding Bombay HC precedent that expenses incurred pursuant to an established business custom do not constitute entertainment expenditure under the disallowance provision. As no material showed that this jurisdictional view had been overruled or displaced, the dispute did not give rise to a referable question of law, and reference was refused. Case-Laws Income Tax Tue, 02 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58126