1982 (5) TMI 1

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....-tax Act, 1961, but the Commissioner of Income-tax had applied for a reference regarding four questions of which three have been disallowed. The questions which have been disallowed are as follows : "(i) Whether, on the facts and in the circumstances of the case, the Tribunal was legally correct in holding that the sum of Rs. 93,818 is not entertainment expenditure disallowable under section 37(2....

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....ent in four previous assessment years relating to the same assessee, viz., 1964-65, 1965-66, 1970-71 and 1971-72. It was also stated that the High Court had rejected the application under section 256(2) relating to the same question and hence the question could not be referred. Learned counsel for the Department urged that this was entertainment expenditure which could not be allowed. The expendit....