https://www.taxtmi.com/caselaws?id=347754 The Tribunal directed the AO to treat only a portion of the advance membership fees as income, applying the matching principles over the period of service. It emphasized the need for a fair estimate and scientific method for spreading the advance fee. The Tribunal upheld the classification of non-refundable one-time entrance fees as revenue receipts, citing precedents supporting their taxability based on services provided. The appeal was allowed for statistical purposes, and the AO was instructed to re-examine and compute the income in compliance with natural justice principles. en-us Wed, 14 Jun 2017 00:00:00 +0530 Fri, 08 Sep 2017 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347754 The Tribunal directed the AO to treat only a portion of the advance membership fees as income, applying the matching principles over the period of service. It emphasized the need for a fair estimate and scientific method for spreading the advance fee. The Tribunal upheld the classification of non-refundable one-time entrance fees as revenue receipts, citing precedents supporting their taxability based on services provided. The appeal was allowed for statistical purposes, and the AO was instructed to re-examine and compute the income in compliance with natural justice principles. Case-Laws Income Tax Wed, 14 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347754