2009 (10) TMI 2

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....t reference relates to the Assessment Years 1982-1983 and 1983-1984. The present reference is at the instance of the assessee. The Income Tax Appellate Tribunal, Delhi Bench C has referred the following question for opinion to this Court:- "Whether on a proper interpretation of the nature and scope of the provisions of Sec. 37(2A) of the Act, the Income-tax Appellate Tribunal was justified in h....

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....and cold drinks, beer and whiskey to foreign tourists. Consequently, it allowed a statutory deduction of Rs.5,000/- and a sum of Rs.1,09,620/- was disallowed treating the expenditure as that of entertainment nature. The said order was modified in appeal by the Commissioner, Income-tax, Agra who deleted a sum of Rs.84,585/- holding that offering of soft drinks or hot drinks and providing aerated an....

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....tel Brothers and Co. Ltd. and others (1995) 215 ITR 165. He further invited the attention of this Court towards a Division Bench decision of this Court in the case of CIT Vs. Bazpur Co-operative Sugar Factory (2003) 262 ITR 45. Considered the respective submissions of the learned counsel for the parties and perused the record. In our considered view, the controversy involved in the present c....