1982 (2) TMI 98

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....t Bombay the following question of law which is said to arise out of the order of the Tribunal dt.11th August 1961 in ITA No. 2157/Bom/80 relating the asst. yrs. 1978-79: "whether on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the total expenditure of Rs. 51,000 representing the amount paid to Taj Mahal Hotel in connection with the centenary cele....

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....he business as it boosted up the image of the picture and ensured greater income in future. In holding so the Tribunal relied upon the decision of the Bombay High Court in the case of Shan Nanji Nagsi 1978 CTR (Bom) 305 : (1979) 116 ITR 292 (Bom) for the proposition that expenses incurred in connection with the established custom or trade of business of the assessee did not amount to entertainment....