Tribunal held that the expenses on account of club membership fees for the employees and to entertain customers allowable as business expenditure., so, these were business expenses. (AY. 2016-17)
Isgec Heavy Engineering Ltd. v. Dy.CIT (2020) 83 ITR 426 (Chd.)(Trib.)
S. 37(1) : Business expenditure-Club membership fees for employees and entertainment of customers-Allowable as business expenses.