Expenditure on Club membership fees for business allowable

ISGEC Heavy Engineering Ltd Vs DCIT (ITAT Chandigarh)

In the present case the assessee has incurred the expenses on account of club membership fees for the employees and to entertain customers, so, these were business expenses under section 37(1) of the Act. ITAT Follows Hon’ble Supreme Court Judgment in the case of CIT Vs. United Glass Mfg. Co. Ltd. reported at [2012] 28 taxmann.com 429.

FULL TEXT OF THE ITAT JUDGEMENT

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