Held that the expenditure incurred on account of payments towards club membership and service charges, the assessee was entitled to claim only the membership fee but not the amount spent by it for availing of the services of goods etc. in the club. (AY. 2003-04)
Apollo Tyres Ltd. v. Dy. CIT (2021) 438 ITR 526/ 283 Taxman 427 (Ker.)(HC)
S. 37(1) : Business expenditure-Club membership fees-Club service charges-Membership fee allowable as deduction-Amount spent on services is held to be not allowable.