https://www.taxtmi.com/highlights?id=33200 Entrance fee received from members - since the amount was in the nature of deposits, i.e., capital receipts, in the hands of the assessee, the forfeiture of the same cannot change the nature of receipt, therefore, it is capital receipt - AT en-us Wed, 08 Feb 2017 12:32:09 +0530 Wed, 08 Feb 2017 12:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=33200 Entrance fee received from members - since the amount was in the nature of deposits, i.e., capital receipts, in the hands of the assessee, the forfeiture of the same cannot change the nature of receipt, therefore, it is capital receipt - AT Highlights Income Tax Wed, 08 Feb 2017 12:32:09 +0530 https://www.taxtmi.com/highlights?id=33200