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Expenditure on food or beverages provided to the employees by employers--Extent to be treated as entertainment--Section 37(2) of the Income-tax Act, 1961--Instructions regarding

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....rding. Circular No. 708 Dated 18/7/1995 To All Chief Commissioners of Income-tax. All Directors-General of Income-tax. Sir, Reference is invited to the Board's Circular No. 644, dated 15th March, 1993 (F. No. 204/10/93-ITA.II) (see [1993] 200 ITR (St.) 226), wherein it was clarified that the expenditure on provision of food or beverages by an employer to the low-paid employees will not be t....

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Expenditure on food or beverages provided to the employees by employers--Extent to be treated as entertainment--Section 37(2) of the Income-tax Act, 1961--Instructions regarding