https://www.taxtmi.com/caselaws?id=19862 Business-expenditure deductibility requires a direct or indirect business nexus and proof that the outlay was incurred wholly and exclusively for business purposes; hosting visitors during the Turf Invitation Cup failed this test and was not allowable. Members' subscriptions were taxable because an earlier adverse determination for the same assessee was followed. Dinner and related restaurant costs for members on Race Ball Day constituted disallowable entertainment expenditure. Development rebate was unavailable for air-conditioners and fans installed in the club house because it was treated as office premises or residential accommodation, triggering the statutory bar on machinery or plant installed there. en-us Wed, 12 Jan 1994 00:00:00 +0530 Tue, 10 Nov 2009 12:36:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19862 Business-expenditure deductibility requires a direct or indirect business nexus and proof that the outlay was incurred wholly and exclusively for business purposes; hosting visitors during the Turf Invitation Cup failed this test and was not allowable. Members' subscriptions were taxable because an earlier adverse determination for the same assessee was followed. Dinner and related restaurant costs for members on Race Ball Day constituted disallowable entertainment expenditure. Development rebate was unavailable for air-conditioners and fans installed in the club house because it was treated as office premises or residential accommodation, triggering the statutory bar on machinery or plant installed there. Case-Laws Income Tax Wed, 12 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19862