<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Taxpayer&#039;s Club Membership Fees Deemed Revenue Benefit, Not Capital Asset Acquisition, Despite Long-Term Advantage.</title>
    <link>https://www.taxtmi.com/highlights?id=38548</link>
    <description>Addition of club membership fees paid by assessee - By obtaining membership for a period of more than one year, there may be an advantage of enduring nature. However, such advantage is in the field of revenue benefit and not for obtaining any capital asset or obtaining benefit in capital field. - AT</description>
    <language>en-us</language>
    <pubDate>Fri, 23 Mar 2018 07:20:35 +0530</pubDate>
    <lastBuildDate>Fri, 23 Mar 2018 07:20:35 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=514272" rel="self" type="application/rss+xml"/>
    <item>
      <title>Taxpayer&#039;s Club Membership Fees Deemed Revenue Benefit, Not Capital Asset Acquisition, Despite Long-Term Advantage.</title>
      <link>https://www.taxtmi.com/highlights?id=38548</link>
      <description>Addition of club membership fees paid by assessee - By obtaining membership for a period of more than one year, there may be an advantage of enduring nature. However, such advantage is in the field of revenue benefit and not for obtaining any capital asset or obtaining benefit in capital field. - AT</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Fri, 23 Mar 2018 07:20:35 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=38548</guid>
    </item>
  </channel>
</rss>