Addition of club membership fees paid by assessee - By obtaining ...

Taxpayer's Club Membership Fees Deemed Revenue Benefit, Not Capital Asset Acquisition, Despite Long-Term Advantage.

March 23, 2018

Case Laws Income Tax AT

Addition of club membership fees paid by assessee - By obtaining membership for a period of more than one year, there may be an advantage of enduring nature. However, such advantage is in the field of revenue benefit and not for obtaining any capital asset or obtaining benefit in capital field. - AT

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Addition of club membership fees paid by assessee - By obtaining ...

Taxpayer's Club Membership Fees Deemed Revenue Benefit, Not Capital Asset Acquisition, Despite Long-Term Advantage.

March 23, 2018

Case Laws Income Tax AT

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