Club's Deduction u/s 57(iii) Capped at 7.5% for Entrance Fee Receipts, Tribunal Rules.

Claim of deduction u/s 57(iii) - activities undertaken by the assessee club - entrance fee receipt - assessee is not eligible to claim any deduction u/s 57(iii) of the Act over and above the deduction earlier allowed by the Tribunal in assessee's own case to the extent of 7.5%. - AT .....

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