1991 (1) TMI 56 - HC - Income Tax

Summary

The High Court of Allahabad ruled against the assessee, stating that rasoi expenses were not entertainment expenses and therefore not deductible under section 37(2B) of the Income-tax Act, 1961. The decision was based on a previous Full Bench ruling in Phool Chand Gajanand v. CIT [1989] 177 ITR 265. No costs were awarded.