https://www.taxtmi.com/caselaws?id=380868 The Tribunal upheld the disallowance of business promotion expenses claimed by the assessee under Section 37(1) of the Income-tax Act, 1961. The expenses related to club membership fees paid to an individual associated with the assessee were deemed not incurred wholly and exclusively for business purposes. Despite the assessee's arguments, the Tribunal found a lack of evidence establishing the expenses' relevance to the business activities, leading to the dismissal of the appeal and affirmation of the disallowance. en-us Wed, 22 May 2019 00:00:00 +0530 Wed, 29 May 2019 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380868 The Tribunal upheld the disallowance of business promotion expenses claimed by the assessee under Section 37(1) of the Income-tax Act, 1961. The expenses related to club membership fees paid to an individual associated with the assessee were deemed not incurred wholly and exclusively for business purposes. Despite the assessee's arguments, the Tribunal found a lack of evidence establishing the expenses' relevance to the business activities, leading to the dismissal of the appeal and affirmation of the disallowance. Case-Laws Income Tax Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380868