https://www.taxtmi.com/caselaws?id=255326 The High Court affirmed the Tribunal's decision, holding that the method of accounting adopted by the assessee, spreading membership fees and related expenses over the membership period, was appropriate and aligned with the accrual principle. The Tribunal's setting aside of the CIT's order under Section 263 of the Income Tax Act was deemed justified. The appeals were dismissed, confirming the Tribunal's decision in favor of the assessee. en-us Thu, 18 Dec 2014 00:00:00 +0530 Wed, 14 Jan 2015 10:23:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255326 The High Court affirmed the Tribunal's decision, holding that the method of accounting adopted by the assessee, spreading membership fees and related expenses over the membership period, was appropriate and aligned with the accrual principle. The Tribunal's setting aside of the CIT's order under Section 263 of the Income Tax Act was deemed justified. The appeals were dismissed, confirming the Tribunal's decision in favor of the assessee. Case-Laws Income Tax Thu, 18 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255326