https://www.taxtmi.com/caselaws?id=335534 The ITAT ruled in favor of the assessee on all three issues: disallowance of building repair expenses, disallowance under section 14A, and treatment of membership fees as revenue receipt. The ITAT held that the building repair expenses were revenue in nature, not capital, directing the deletion of the addition. It set aside the disallowance under section 14A due to procedural errors by the Assessing Officer. The ITAT upheld the treatment of membership fees as revenue receipts based on past judgments, dismissing the Revenue's appeal and allowing that of the assessee. en-us Fri, 18 Nov 2016 00:00:00 +0530 Thu, 01 Dec 2016 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335534 The ITAT ruled in favor of the assessee on all three issues: disallowance of building repair expenses, disallowance under section 14A, and treatment of membership fees as revenue receipt. The ITAT held that the building repair expenses were revenue in nature, not capital, directing the deletion of the addition. It set aside the disallowance under section 14A due to procedural errors by the Assessing Officer. The ITAT upheld the treatment of membership fees as revenue receipts based on past judgments, dismissing the Revenue's appeal and allowing that of the assessee. Case-Laws Income Tax Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335534