Dismissing the appeal of the revenue the Tribunal held that club and membership fee of director is held to be allowable as business expenditure. Followed United Glass Manufacturing Co. Ltd. Followed CIT v. United Glass Manufacturing Co Ltd (CA No 6447 /2012 dt-12-9-2012).(AY. 2008 -09 , 2010-11, 2011-12)
Dy.CIT v. Deloitte Touche Tohmatsu India (P) Ltd. (2018) 193 TTJ 65 (UO) (Mum.)(Trib.)
S. 37(1) : Business expenditure–Club an Membership subscription- Held to be allowable deduction.