Devang Lalji Shah Versus DCIT 18(3), Mumbai - Income Tax - ITAT MUMBAI - Tri - Disallowance u/s 37(1) of the Income tax act - Disallowance of Rs. 2 lacs being 50 percent of Club Membership Fees treating as personal expenses - Assessee had debited Rs. 4 lacs as Club Membership fee in his books of accounts Held that - Judgment of Hon ble Bombay High Court delivered in the case of Otis Elevator 1991 (4) TMI 53 - BOMBAY High Court is distinguished from - In certain cases issue regarding membership of c................................... Income Tax - Case Laws
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