1996 (1) TMI 76 - HC - Income Tax

Summary

The High Court of Allahabad ruled in favor of the assessee regarding the disallowance of Rasoi expenses as entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. The court held that ordinary hospitality does not amount to entertainment based on a previous Supreme Court decision. The case record was sent back to the Appellate Tribunal for further action. (Case citation: 1996 (1) TMI 76 - ALLAHABAD High Court)