1979 (6) TMI 74

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..... made by the ITO under s. 37(2B) of the IT Act, 1961. 2. The assessee is a registered firm carrying on whole-sale business in Bidi, Cigarettes and other general merchandise goods. During the asst. yr. 1975-76, relevant to accounting period ending Diwali, 1974, the assessee claimed an expenditure of Rs. 4,000 on serving meals and light refreshments to its customers. The ITO disallowed the assessee' .....

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..... ertainment and hence hit by the provisions of s. 37(2B) of the Act. The learned counsel of the assessee, on the other hand, has relied on the order of the CIT(A) and the earlier decisions of this Bench of the Tribunal and has submitted that the CIT(A) was quite justified in deleting the disallowance made by the ITO. 4. After considering the rival contentions, we do not find any infirmity in the o .....

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