https://www.taxtmi.com/highlights?id=14678 Undisclosed income - Deferred income - Club membership - taxability of 60% or 100% of receipt - revenue model adopted by the assessee is based on hypothesis and not on facts - the revenue model of treating the entire membership fee collection as income of the year of collection proposed by the Assessing Officer is more justified - But in view of SOT [2010 (5) TMI 524 - ITAT, CHENNAI] - Decided in favour of assessee. - AT en-us Mon, 23 Sep 2013 09:57:53 +0530 Mon, 23 Sep 2013 09:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=14678 Undisclosed income - Deferred income - Club membership - taxability of 60% or 100% of receipt - revenue model adopted by the assessee is based on hypothesis and not on facts - the revenue model of treating the entire membership fee collection as income of the year of collection proposed by the Assessing Officer is more justified - But in view of SOT [2010 (5) TMI 524 - ITAT, CHENNAI] - Decided in favour of assessee. - AT Highlights Income Tax Mon, 23 Sep 2013 09:57:53 +0530 https://www.taxtmi.com/highlights?id=14678