1980 (12) TMI 10

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....his is a reference made by the I. T. Appellate Tribunal under s. 256(1) of the I.T. Act, 1961, referring for our answer, the following questions of law : " 1. Whether the Appellate Tribunal was right in coming to the conclusion that the entertainment expenses incurred by the assessee were not hit by the provisions of s. 37(2A) or s. 37(2B) of the I.T. Act, 1961 ? 2. Whether the Appellate Tri....

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.... Gujarat High Court in CIT v. Patel Brothers & Co. Ltd. [1977] 106 ITR 424 (Guj). The view taken by the Gujarat High Court has been accepted as the correct view by a Division Bench of this court in CIT v. Lakmichand Muchhal (Miscellaneous Civil Case No. 15 of 1977, decided on 12th September, 1980 since reported in [1982] 134 ITR 234 (MP)). The Division Bench in Lakhmichand Muchhal's case took noti....