https://www.taxtmi.com/caselaws?id=394113 The ITAT ruled in favor of the appellant, allowing the membership fees as revenue expenditure based on business necessity and lack of enduring benefit or capital asset creation. The decision aligned with precedents emphasizing the distinction between revenue and capital expenditure in such cases. en-us Wed, 08 Jan 2020 00:00:00 +0530 Wed, 01 Apr 2020 15:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394113 The ITAT ruled in favor of the appellant, allowing the membership fees as revenue expenditure based on business necessity and lack of enduring benefit or capital asset creation. The decision aligned with precedents emphasizing the distinction between revenue and capital expenditure in such cases. Case-Laws Income Tax Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394113