Payment towards membership fee and legal fund respectively to ...

Membership Fees to Mining Federation Not Donations; Treated as Business Expenses u/s 37(1) of Income Tax Act.

September 1, 2021

Case Laws Income Tax AT

Payment towards membership fee and legal fund respectively to Federation of Indian Mineral Industries - this organization has been formed to safeguard the rights of mine owners and to protect interest of industries, present in this spear of mineral exploration and production. In our opinion the said amount does not qualify to be considered as donation. It is an expenditure incurred to safe-guard assessee's business interests and has to be considered under the provisions of Sec. 37(1). - AT

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Payment towards membership fee and legal fund respectively to ...

Membership Fees to Mining Federation Not Donations; Treated as Business Expenses u/s 37(1) of Income Tax Act.

September 1, 2021

Case Laws Income Tax AT

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