1992 (11) TMI 62 - HC - Income Tax

Summary

The High Court of Delhi ruled that expenses incurred by a bank on providing tea and cold drinks to customers are not entertainment expenses and are deductible. The court upheld the decision of the Commissioner of Income-tax to reduce the disallowance of such expenses. The Tribunal dismissed the Revenue's appeal, citing previous court decisions supporting the deductibility of such expenses. The court answered the question of law in favor of the bank, based on previous rulings.