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Issues:
1. Taxability of income from the sale of guest tickets for a cricket match. 2. Allowance of vacancies in computing property income. Detailed Analysis: Issue 1: Taxability of income from the sale of guest tickets for a cricket match The case involved an appeal by the Revenue and the assessee regarding the taxability of income earned by a cricket club from the sale of guest tickets for a test match. The club argued that the amount received from members for guest tickets should not be taxable income. The Income-tax Officer initially held the amount taxable, citing a Supreme Court decision and distinguishing a previous Tribunal decision. The Appellate Assistant Commissioner directed the Income-tax Officer to consider proportionate expenses attributable to the guest ticket amount and exclude it from income. The Tribunal, in line with a previous decision, held that the amount received from members for guest tickets was not taxable, as no evidence showed extra expenses incurred for the guests, and common expenses could not be deducted based on the principle of mutuality. Issue 2: Allowance of vacancies in computing property income The assessee also raised a ground regarding the allowance of vacancies in computing property income from letting out chambers to members. The Appellate Assistant Commissioner upheld the allowance of vacancies against the claimed amount, following the method adopted by the assessee in previous assessments. The Tribunal agreed with this decision, supporting the Appellate Assistant Commissioner's reasoning and upholding the order on this point. In conclusion, the Tribunal dismissed the Revenue's appeal and partially allowed the assessee's appeal, holding that the amount received from members for guest tickets at the cricket match was not taxable income. The Tribunal also upheld the allowance of vacancies in computing property income, in line with the method consistently adopted by the assessee.
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