Disallowance of Membership Fees paid to Cricket Club of India - ...

Income Tax

April 1, 2020

Disallowance of Membership Fees paid to Cricket Club of India - The fact that assessee utilizes the facilities for the purpose of his business and it is brought on record by the assessee that the business has increased after taking membership in the club. Considering the turnover, the membership fees is very negligible and it can never be treated as capital assets having enduring benefit.

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Disallowance of Membership Fees paid to Cricket Club of India - ...

Income Tax

April 1, 2020

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