Treatment to be given to the entrance fee received by the ...

Assessing Officer's Error: Misclassification of Membership Fees and Unjustified Income Addition from Subscription Transfers.

September 10, 2015

Case Laws Income Tax AT

Treatment to be given to the entrance fee received by the assessee from Life Members - AO was wrong in splitting the fee received from life members into capital and revenue receipts in 20:80 ratio. - AO was not justified in making an addition to the income on account of subscriptions transferred from the advance subscription account of ordinary members to the life members subscription account - AT

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Treatment to be given to the entrance fee received by the ...

Assessing Officer's Error: Misclassification of Membership Fees and Unjustified Income Addition from Subscription Transfers.

September 10, 2015

Case Laws Income Tax AT

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