https://www.taxtmi.com/caselaws?id=213134 The Tribunal upheld the decision to treat the sum of Rs.2,72,000/- received by the appellant from life members as income for the year, considering it a revenue receipt rather than a deposit for membership. The Tribunal emphasized the lack of evidence for refundability, the treatment of other subscriptions as revenue receipts, and the absence of separate accounts for related expenses. The appellant's arguments and reliance on previous cases were deemed irrelevant, leading to the dismissal of the appeal. en-us Mon, 30 Apr 2012 00:00:00 +0530 Wed, 09 May 2012 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213134 The Tribunal upheld the decision to treat the sum of Rs.2,72,000/- received by the appellant from life members as income for the year, considering it a revenue receipt rather than a deposit for membership. The Tribunal emphasized the lack of evidence for refundability, the treatment of other subscriptions as revenue receipts, and the absence of separate accounts for related expenses. The appellant's arguments and reliance on previous cases were deemed irrelevant, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 30 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213134