Dismissing the appeal of the assessee the Court held that , Payment made for acquiring membership in a social club is not allowable as business expenditure, in the absence of any evidence to effect that membership was acquired for entertaining customer
L. Jairam Parwani v. Dy. CIT ( 2018) 225 Taxman 362 ( Mad) (HC)
S. 37(1) : Business expenditure -Club expenses – Payment made for acquiring membership in a social club is not allowable as business expenditure, in the absence of any evidence to effect that membership was acquired for entertaining customer .