If partner used club membership taken in his own name for business purpose then Club subscription paid by firm is allowable

RELEVANT PARAGRAPH

13. We have heard both the parties and perused the orders of the revenue authorities as well as above cited judgment of the jurisdictional High Court in the case of Otis Elevator Co (India) Ltd (supra). The case of the assessee is that the said subscription of Rs 3 lakhs is wholly and exclusively for the business purpose. On the other hand, the case of the revenue is that the unlike in company, the membership of a working partners should be seen in a different context as the firm has more th

Please become a Premium member. If you are already a Premium member, login here to access the full content.