2016 (11) TMI 786

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..... ought is that the expenditure undertaken on the services of Club Membership of the Director was booked under ‘Staff Welfare Expenses’ under Schedule 17 of the Profit and Loss Account. I find that the order of the Tribunal is very clear in this regard and clearly holds that the membership of the Business Club is indirect related to the promotion of business of the appellant. In view of this, it can .....

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..... wards club membership of the Director is clubbed under the Schedule 17 of the Profit Loss Account under the head Staff Welfare Expenses which was certified by the Cost Accountant vide the Certificate dated 24-9-2010. 2. Learned AR for the Revenue argued that the expense of the membership of the Club has been booked under the head of Staff Welfare Expenses and therefore, credit of same sh .....

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..... under the head Staff Welfare Expenses will have any nexus with the manufacture of goods. 3. The learned Counsel for the appellant relied on the impugned order. 4. I have considered the rival submission. I find that the only ground on which the rectification has been sought is that the expenditure undertaken on the services of Club Membership of the Director was booked under Staff Welfare .....

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