https://www.taxtmi.com/caselaws?id=236545 The appeal was partly allowed. The disallowance of club membership fees was overturned, the issue of the closing balance discrepancy was remanded for further verification, the disallowance of advertisement expenses was upheld, and the grounds regarding interest and penalty proceedings were dismissed as either consequential or premature. en-us Wed, 24 Jul 2013 00:00:00 +0530 Sat, 31 Aug 2013 08:26:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236545 The appeal was partly allowed. The disallowance of club membership fees was overturned, the issue of the closing balance discrepancy was remanded for further verification, the disallowance of advertisement expenses was upheld, and the grounds regarding interest and penalty proceedings were dismissed as either consequential or premature. Case-Laws Income Tax Wed, 24 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236545