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2009 (11) TMI 402 - HC - Income TaxSalary- The dispute in these two appeals pertain to the club expenses/membership incurred by the assessee for the benefit of its employees. According to the Revenue the membership card obtained in the name of the employees, subscription paid by the company on behalf of the employees falls under section 17(2)(iv) of the Act. The Assessing Officer levied interest under section 201(1A) of the Act. The Commissioner (Appeals) confirmed the order in part. However Tribunal allowed the appeal. Held that- remand the matter to the Assessing Officer to find out whether the expenses incurred by the company towards the club member for entertaining the guests is for the benefit of the assessee or not, has to be examined based on the records to be produced by the assessee.
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