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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....ed:- 27-10-1995 Circular Dated:- 27-10-1995 Circular<br>Income Tax<br>Expenditure on food or beverages provided to the employees by employers--Extent to be treated as entertainment--Section 37(2) of t....

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.... at the end of para 2 :_ "In the hands of the employees, however, the amount shall be treated as income subject to the provisions of section 17 of the Act." may be substituted by the following :....