1991 (4) TMI 120

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.... the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was correct both on facts and in law in holding that 35% of the expenditure of Rs. 1,55,003 out of entertainment, seminar and conference expenses was not hit by the provisions of section 37(2A) of the Income-tax Act by relying upon the decision of the Incometax Appellate Tribunal in the case of Messrs. Usha Internat....

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....uests and customers of the company and the expenditure which is incurred on food, etc., of the employees is expressly excluded by virtue of the provisions of section 37(2A), Explanation 2. It is a finding of fact as to whether any part of the expense of Rs. 1,55,003 was incurred on the food, etc., of the employees. This finding of fact has been answered in favour of the assessee. It is necessary i....