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Admission Fees Paid To Club Towards Corporate Membership Is 'Revenue' In Nature: Bombay High Court

The Bombay High Court has held that the admission fees paid to a club towards corporate membership are wholly and exclusively for business purposes, and the same are revenue-generating in nature.The. ....

Justice Rajeshs Patil , Justicekr Shriram , Niraj Sheth , High Court , Bombay High Court , Swiss Re Services India Pvt , Willington Sports Club , Justice Rajesh , Swiss Re Services India , Income Tax , For Petitioner , Admission Fees , Corporate Membership ,

Dept. Failed To Produce New Or Tangible Information To Justify The Reopening Of Assessment Against IDFC: Madras High Court

The Madras High Court has quashed the reassessment proceedings against the IDFC as the department failed to produce any new or tangible information to justify the reopening of the assessment.The bench. ....

Tamil Nadu , Ashish Agarwal , Justice Anita Sumanth , Niraj Sheth , Madras High Court , Supreme Court , Central Board , Direct Taxes , For Petitioner , Eopening Assessment ,