https://www.taxtmi.com/caselaws?id=59001 Entertainment expenditure under section 37(2b) remains disallowable to the extent it falls within the statutory restriction, with only the limited portion supported by the cited distinction between entertainment and non-entertainment expenditure escaping disallowance. The bad debt claim for the earlier year may be given effect through revision of the prior assessment where the statute permits correction of an erroneously disallowed claim, and the appellate authority can sustain that direction for the proper year. The result is partial relief for the assessee, while the departmental challenge on the bad debt issue fails. en-us Fri, 25 Jul 1980 00:00:00 +0530 Thu, 23 Dec 2010 15:25:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59001 Entertainment expenditure under section 37(2b) remains disallowable to the extent it falls within the statutory restriction, with only the limited portion supported by the cited distinction between entertainment and non-entertainment expenditure escaping disallowance. The bad debt claim for the earlier year may be given effect through revision of the prior assessment where the statute permits correction of an erroneously disallowed claim, and the appellate authority can sustain that direction for the proper year. The result is partial relief for the assessee, while the departmental challenge on the bad debt issue fails. Case-Laws Income Tax Fri, 25 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59001