https://www.taxtmi.com/caselaws?id=274837 The High Court rejected the appellant-Revenue's argument on deferred income, deeming it foreign to the Income Tax Act, 1961. The case involved DLF Commercial Developers Ltd. and focused on the membership fees of a club, comprising non-refundable upfront payment and monthly fees. The Tribunal found the upfront payment as securing facility use, obliging the assessee to incur related expenses. Relying on precedent, including CIT Vs. Dinesh Kumar Goel, the Tribunal's decision was upheld, dismissing the appeal without costs. en-us Fri, 30 Mar 2012 00:00:00 +0530 Thu, 06 Sep 2018 17:50:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274837 The High Court rejected the appellant-Revenue's argument on deferred income, deeming it foreign to the Income Tax Act, 1961. The case involved DLF Commercial Developers Ltd. and focused on the membership fees of a club, comprising non-refundable upfront payment and monthly fees. The Tribunal found the upfront payment as securing facility use, obliging the assessee to incur related expenses. Relying on precedent, including CIT Vs. Dinesh Kumar Goel, the Tribunal's decision was upheld, dismissing the appeal without costs. Case-Laws Income Tax Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274837