https://www.taxtmi.com/caselaws?id=3198 The High Court of Delhi upheld the Tribunal's decision that a membership fee paid to a club by the assessee was deductible as a business expense under Section 37(2) of the Income Tax Act. Despite no explicit finding on the fee's impact on business, the Court inferred a business purpose from the Assessing Officer's allowance of a 50% deduction. The Court found no substantial question of law and dismissed the Revenue's appeal concerning the assessment years 1995-96 and 1996-97. en-us Wed, 25 Apr 2007 00:00:00 +0530 Tue, 29 Jul 2008 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3198 The High Court of Delhi upheld the Tribunal's decision that a membership fee paid to a club by the assessee was deductible as a business expense under Section 37(2) of the Income Tax Act. Despite no explicit finding on the fee's impact on business, the Court inferred a business purpose from the Assessing Officer's allowance of a 50% deduction. The Court found no substantial question of law and dismissed the Revenue's appeal concerning the assessment years 1995-96 and 1996-97. Case-Laws Income Tax Wed, 25 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3198