Membership of International Trade organisation

Assessee is partnership firm engaged in the running multispeciality hospit  and all partners are doctors. The membership of international trade organization is taken in the name of one of the partners ,  having object of increasing the networking and focus on  B to B business's or profession. Whether one time  membership fee in the name of one of the partner  amounting to Rs. 10 lakhs is paid. whether this amount is allowable deduction in the hands of firm ?

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  Whether professional fee paid to obtain Private Equity is a revenue expenditure?.

Whether professional fee paid to obtain Private Equity is a revenue expenditure?.

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