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2003 (3) TMI 67 - HC - Income Tax"Whether, Tribunal was legally correct in holding that incurring expenses on boarding and lodging facilities given to auditors and Government and semi-Government servants visiting the factory did not amount to entertainment and that it should be deemed a necessary expenditure under section 37(1) of the Income tax Act, 1961?" - The judgment and order of the Tribunal is illegal and we answer the aforesaid question in the negative, that is, in favour of the Revenue and against the assessee by holding that the expenses in question amounts to entertainment expenditure in view of the Explanation.
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