https://www.taxtmi.com/caselaws?id=374199 The High Court upheld the Tribunal's decision in favor of the Assessee regarding the revenue deduction for contributions to clubs under Section 40A(9) of the Income Tax Act. The court also ruled in favor of the Assessee regarding the treatment of notional sales tax exemption as a capital receipt, citing precedents and confirming similarity to a previous case. The addition made under Section 145A was dismissed due to lack of prior mention by the Revenue, and the alternative consideration of deduction under Section 37(1) or 43B was not entertained as it was not discussed by the Tribunal. Consequently, the Tax Appeal was dismissed. en-us Tue, 22 Jan 2019 00:00:00 +0530 Mon, 28 Jan 2019 08:13:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374199 The High Court upheld the Tribunal's decision in favor of the Assessee regarding the revenue deduction for contributions to clubs under Section 40A(9) of the Income Tax Act. The court also ruled in favor of the Assessee regarding the treatment of notional sales tax exemption as a capital receipt, citing precedents and confirming similarity to a previous case. The addition made under Section 145A was dismissed due to lack of prior mention by the Revenue, and the alternative consideration of deduction under Section 37(1) or 43B was not entertained as it was not discussed by the Tribunal. Consequently, the Tax Appeal was dismissed. Case-Laws Income Tax Tue, 22 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374199