https://www.taxtmi.com/caselaws?id=469299 Club membership fees used by company representatives to entertain present and prospective customers were treated as business expenditure incurred for commercial expediency and therefore allowable. Recorded purchases paid through account payee cheques could not be disallowed under section 69C merely because their genuineness was questioned; the provision applies to unexplained expenditure, not accounted expenditure alleged to be non-genuine. Service tax paid during the year on voluntary compliance was deductible under section 43B because the statutory requirement of actual payment was satisfied. en-us Wed, 28 Jun 2023 00:00:00 +0530 Sat, 13 Jun 2026 12:12:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469299 Club membership fees used by company representatives to entertain present and prospective customers were treated as business expenditure incurred for commercial expediency and therefore allowable. Recorded purchases paid through account payee cheques could not be disallowed under section 69C merely because their genuineness was questioned; the provision applies to unexplained expenditure, not accounted expenditure alleged to be non-genuine. Service tax paid during the year on voluntary compliance was deductible under section 43B because the statutory requirement of actual payment was satisfied. Case-Laws Income Tax Wed, 28 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469299