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TMI Blog2007 (4) TMI 180X X X X Extracts X X X X X X X X Extracts X X X X ..... A 1488/2006 - - - Dated:- 25-4-2007 - MADAN B. LOKUR and V.B. GUPTA JUDGMENT The judgment of the court was delivered by MADAN B. LOKUR, J . 1. The Revenue is aggrieved by an order dated 24th March, 2006 passed by the Income Tax Appellate Tribunal, Delhi Bench "G", New Delhi in ITA No. 2039/Del/99 and 4909/Del/99 relevant for the assessment years 1995-96 and 1996- 97. 2. The onl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mitted, and rightly so by learned counsel for the assessee, that this postulates that the expense incurred by the assessee was for business purposes otherwise even Rs.1 lakh would not have been allowed as a deduction by the Assessing Officer. 5. In appeal, the Commissioner of Income Tax (Appeals) accepted the view taken by the Assessing Officer but before the Tribunal the view taken on the bas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Appellate Assistant Commissioner had given a categorical finding that payments made by the Assessee towards club membership fee was to promote its business. 8. It is true that in so far as the present case is concerned, there is no specific finding that the payment was made by the assessee for improving its business but since the Assessing Officer has allowed a deduction of 50% of Rs.2 lakhs ..... X X X X Extracts X X X X X X X X Extracts X X X X
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