1990 (12) TMI 58 - HC - Income Tax

Summary

The High Court of Allahabad held that expenditure on providing food to customers cannot be disallowed as entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. The decision is based on a previous court ruling. Expenditure on providing food to staff is considered admissible under section 37 of the Act. The Tribunal may address any staff-related expenditure in its final orders under section 260 of the Act.