https://www.taxtmi.com/caselaws?id=58540 The Tribunal allowed the appeal, determining that the sum of Rs. 25,000 paid for the sports club membership was not a perquisite taxable in the hands of the assessee. It was found that the membership was acquired for business purposes and did not provide personal benefit. The Tribunal emphasized the absence of evidence indicating personal gain and highlighted that the expenditure was solely for business interests, leading to the deletion of the tax on the amount. The argument for bifurcation of the sum was not addressed as the primary conclusion favored the assessee. en-us Wed, 04 May 1983 00:00:00 +0530 Mon, 20 Dec 2010 15:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58540 The Tribunal allowed the appeal, determining that the sum of Rs. 25,000 paid for the sports club membership was not a perquisite taxable in the hands of the assessee. It was found that the membership was acquired for business purposes and did not provide personal benefit. The Tribunal emphasized the absence of evidence indicating personal gain and highlighted that the expenditure was solely for business interests, leading to the deletion of the tax on the amount. The argument for bifurcation of the sum was not addressed as the primary conclusion favored the assessee. Case-Laws Income Tax Wed, 04 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58540