https://www.taxtmi.com/caselaws?id=170145 The Supreme Court affirmed the applicability of tax provisions under the Income Tax Act, 1961 in three civil appeals. It upheld lower authorities' decisions in each case, resulting in the dismissal of the Department's appeals. The Court found Section 43B applicable to tax paid under the Karnataka Sales Tax Act, 1957, confirmed entitlement to Section 43B benefits for advance customs duty, and recognized club membership fees for employees as a deductible business expense under Section 37(1) of the Income Tax Act, 1961. en-us Wed, 12 Sep 2012 00:00:00 +0530 Tue, 21 Apr 2026 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170145 The Supreme Court affirmed the applicability of tax provisions under the Income Tax Act, 1961 in three civil appeals. It upheld lower authorities' decisions in each case, resulting in the dismissal of the Department's appeals. The Court found Section 43B applicable to tax paid under the Karnataka Sales Tax Act, 1957, confirmed entitlement to Section 43B benefits for advance customs duty, and recognized club membership fees for employees as a deductible business expense under Section 37(1) of the Income Tax Act, 1961. Case-Laws Income Tax Wed, 12 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170145