2003 (11) TMI 303 - ITAT HYDERABAD-B

Extract:
.......t 25 of the entertainment expenditure claimed should be treated as business expenditure relatable to the employees of the assessee-company. Consequently, disallowance should be restricted to the balance 75 only. To this extent, order of the CIT(A) is modified and assessee s ground is allowed. 131. In view of the above, the appeal is partly allowed.