https://www.taxtmi.com/caselaws?id=237240 The Tribunal decided in favor of the assessee regarding the addition of membership fees to income, following a 60-40 split for recognition. Specific expenditures were allowed except for furniture expenses deemed capital. Loss set-off from an amalgamating company was dismissed. Market research expenses were considered capital, while software expenses were deductible annual fees. Furniture expenses were classified as capital expenditures, not revenue. The Tribunal partly allowed appeals from both parties, emphasizing adherence to precedents and detailed examination of expenditures and income recognition principles. en-us Wed, 17 Oct 2012 00:00:00 +0530 Thu, 07 Apr 2016 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237240 The Tribunal decided in favor of the assessee regarding the addition of membership fees to income, following a 60-40 split for recognition. Specific expenditures were allowed except for furniture expenses deemed capital. Loss set-off from an amalgamating company was dismissed. Market research expenses were considered capital, while software expenses were deductible annual fees. Furniture expenses were classified as capital expenditures, not revenue. The Tribunal partly allowed appeals from both parties, emphasizing adherence to precedents and detailed examination of expenditures and income recognition principles. Case-Laws Income Tax Wed, 17 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237240