1986 (2) TMI 55 - HC - Income Tax

Summary

The High Court of Rajasthan held that expenses incurred on providing meals and refreshments to customers are allowable as deduction under section 37(2B) of the Income-tax Act, 1961. The judgment was based on a previous decision and ruled in favor of the assessee. The Tribunal's decision was upheld, and each party was ordered to bear their own costs.