Dy.CIT v. Sports Club Of Gujarat Ltd. (2022) 94 ITR 54 (SN) (Ahd.)(Trib.)

S. 57 : Income from other sources-Deductions-Expenditure is held to be allowable. [S. 56, 57(iii)]

Held that  on the issue of the addition made by the Assessing Officer on account of disallowance of the assessee’s claim to deduction under section 57(iii) of the Act, the Tribunal had taken a consistent view in the assessee’s favour for several earlier years there was no justifiable reason to interfere.(AY. 2014-15, 2015-16)