Entrance fee received from members - since the amount was in the ...

Case Laws Income Tax

February 8, 2017

Entrance fee received from members - since the amount was in the nature of deposits, i.e., capital receipts, in the hands of the assessee, the forfeiture of the same cannot change the nature of receipt, therefore, it is capital receipt - AT

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Entrance fee received from members - since the amount was in the ...

Case Laws Income Tax

February 8, 2017

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