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2016 (6) TMI 791 - AT - Income TaxDisallowance of club expenses - Held that:- It cannot be doubted that assessee is an internationally reputed consultancy company having clients and business across the globe and in that process, key employees and directors had to travel to various destinations in furtherance of their business. We find that the issue is covered by the various decisions of High courts and by this tribunal in assessee’s own case for AY 2002-03. The issue is also covered by the decision of the Hon’ble Apex Court in the case of CIT Vs. United Glass Mfg. Co. Ltd. [ 2012 (9) TMI 914 - SUPREME COURT ] wherein held that club membership fees for employees incurred by the assessee is business expense under Section 37 of the Income Tax Act, 1961. - Decided in favour of assessee
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