https://www.taxtmi.com/caselaws?id=393925 The Appellate Tribunal upheld the Commissioner's decision to disallow club membership and subscription fees as business expenditure for an assessee partner in a partnership firm. The Tribunal ruled that the expenses were not wholly and exclusively for business purposes, as they were not incurred in the name of the firm and not paid from the firm account. Consequently, the expenses were deemed personal or capital in nature, leading to the dismissal of the assessee's appeal. en-us Wed, 05 Feb 2020 00:00:00 +0530 Wed, 25 Mar 2020 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393925 The Appellate Tribunal upheld the Commissioner's decision to disallow club membership and subscription fees as business expenditure for an assessee partner in a partnership firm. The Tribunal ruled that the expenses were not wholly and exclusively for business purposes, as they were not incurred in the name of the firm and not paid from the firm account. Consequently, the expenses were deemed personal or capital in nature, leading to the dismissal of the assessee's appeal. Case-Laws Income Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393925