https://www.taxtmi.com/caselaws?id=32263 HC upheld the Tribunal and dismissed the appeal, holding that admission fees for corporate club membership are revenue expenditure deductible under Section 37 as incurred wholly and exclusively for business purposes, not a capital outlay. The court accepted that the assessee nominated employees to use the membership and that the expense merely facilitates business operations without adding to profit-earning apparatus. The Tribunal's business-purpose approach was endorsed, and earlier High Court decisions on similar facts were followed. en-us Fri, 30 Jan 2009 00:00:00 +0530 Fri, 05 Sep 2025 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32263 HC upheld the Tribunal and dismissed the appeal, holding that admission fees for corporate club membership are revenue expenditure deductible under Section 37 as incurred wholly and exclusively for business purposes, not a capital outlay. The court accepted that the assessee nominated employees to use the membership and that the expense merely facilitates business operations without adding to profit-earning apparatus. The Tribunal's business-purpose approach was endorsed, and earlier High Court decisions on similar facts were followed. Case-Laws Income Tax Fri, 30 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32263