Claim of Expenditure Incurred for Club Membership Rejected on Ground of “Non-Business Expense”: ITAT Directs Re-adjudication [Read Order]

Claim of Expenditure Incurred for Club Membership - Claim of Expenditure Incurred - Expenditure Incurred - Club Membership - Non-Business Expense - ITAT - Taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) directed re-adjudication for the rejection of a claim of expenditure incurred for club members on the ground of non-business expenses.  New Globe Logistik Pvt. Ltd, the appellant assessee was engaged in the business of freight forwarding for import and export cargo by air and sea…

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