2012 (9) TMI 914

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..... Club membership fee for employees - disallowance u/s 37 - Held that:- A series of judgements have been passed by High Courts holding that club membership fees for employees incurred by the assessee is business expense under Section 37 of the Income Tax Act, 1961. We also find that none of the decisions have been challenged in this Court. Even otherwise, we are of the view that it is a pure bus .....

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..... tment is, accordingly, dismissed with no order as to costs. Civil Appeal No. 6448/2012 Heard learned counsel on both sides. Leave granted. This civil appeal filed by the Department pertains to Assessment year 1995-96. Both, Income Tax Appellate Tribunal and the High Court have come to the conclusion that there was no evidence to show that advance custom duty has been paid as alleged .....

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..... ed under Section 37(1) of the Income Tax Act, 1961? As far as Question No. 1 is concerned, the issue is answered in favour of the assessee in the order passed today in civil appeal arising out S.L.P. (C) No. 20791 of 2009. As far as Question No. 2 is concerned, we find that a series of judgements have been passed by High Courts holding that club membership fees for employees incurred by the as .....

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