Amendment of Section 37

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....ubstituted; (b) after sub-section (2A), the following sub-section shall be inserted, namely :- "(2B) Notwithstanding anything contained in this section, no allowance shall be made in respect of expenditure in the nature of entertainment expenditure incurred within India by any assessee after the 28th day of February, 1970."; (c) after sub-section (3), the following sub-section shal....

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....rred to in clause (ii) shall, for the purposes of this sub-section, be reduced by the amount, if any, received from persons using the guest house : Provided further that nothing in this sub-section shall apply in relation to any guest house maintained as a holiday home if such guest house - (a) is maintained by an assessee who has throughout the previous year employed not less than one hundred....