1996 (3) TMI 53

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....nal referred the following question for the opinion of this court under section 256(2) of the Income-tax Act, 1961 : " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was justified in holding that Rs. 47,585 being expenditure incurred by the assessee in the supply of coffee, tea, etc., to its clients should be allowed as a deduction in the computation of total....

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....ith retrospective effect from April 1, 1976, is couched in very wide language and leaves no doubt that the provision of hospitality of every kind by the assessee to any person, except his employees in his office, factory or other place of work by providing food or beverages or in any other manner whatsoever, shall be included in the expression " entertainment expenditure " occurring in sub-section....