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1980 (12) TMI 20 - HC - Income Tax

The High Court of Madhya Pradesh ruled that expenditure on providing meals to trade constituents is not entertainment expenditure under section 37(2B) of the Income-tax Act, 1961. The decision was based on a previous case law. The court's answer to the question was affirmative, against the revenue. The reference was answered accordingly, with each party bearing their own costs.

 

 

 

 

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