2006 (7) TMI 180

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....red by K. S. RADHAKRISHNAN J.- The assessee is the appellant. This is an appeal filed under section 260A of the Income-tax Act, 1961, aggrieved by the order of the Tribunal, Cochin Bench in I. T. A. No. 826/Coch/1995. Following is the question of law raised: "Whether, on the facts and circumstances of the case, was the Tribunal justified in holding that the amount of Rs. 45,000 paid by the asse....

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....s capital expenditure and consequently the order passed by the Commissioner was reversed and confirmed the disallowance made by the Assessing Officer. Aggrieved by the same this appeal has been preferred. We are in agreement with the view of the Tribunal that the expenditure effected by the assessee is capital in nature. Once the assessee pays the amount to a club for membership, it is a paymen....