https://www.taxtmi.com/caselaws?id=333514 The Tribunal dismissed both appeals, affirming the disallowance of Club Membership Fees as business expenditure. The decision was based on the lack of evidence demonstrating that the fees were incurred wholly and exclusively for the purpose of the business. The Tribunal found that the payments were more personal in nature, not directly related to business operations, and did not serve a business purpose. The findings of the Ld. CIT(A) were upheld, emphasizing the necessity to establish the business expediency of expenses to claim them as allowable deductions. en-us Wed, 24 Aug 2016 00:00:00 +0530 Sat, 15 Oct 2016 11:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333514 The Tribunal dismissed both appeals, affirming the disallowance of Club Membership Fees as business expenditure. The decision was based on the lack of evidence demonstrating that the fees were incurred wholly and exclusively for the purpose of the business. The Tribunal found that the payments were more personal in nature, not directly related to business operations, and did not serve a business purpose. The findings of the Ld. CIT(A) were upheld, emphasizing the necessity to establish the business expediency of expenses to claim them as allowable deductions. Case-Laws Income Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333514