https://www.taxtmi.com/caselaws?id=26584 The court held that the entrance fee received by the club from new members is a revenue receipt and chargeable to tax. The Income-tax Appellate Tribunal, "B" Bench, Patna, considered the entrance fee as part of the club's business income, following Supreme Court precedents. Despite the assessee's argument that entrance fees are capital receipts, the court deemed them as revenue receipts, thus taxable. The decision favored the Revenue, concluding that the entrance fee is subject to taxation in the hands of the club. en-us Sat, 28 Sep 1985 00:00:00 +0530 Sat, 06 Feb 2010 11:48:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26584 The court held that the entrance fee received by the club from new members is a revenue receipt and chargeable to tax. The Income-tax Appellate Tribunal, "B" Bench, Patna, considered the entrance fee as part of the club's business income, following Supreme Court precedents. Despite the assessee's argument that entrance fees are capital receipts, the court deemed them as revenue receipts, thus taxable. The decision favored the Revenue, concluding that the entrance fee is subject to taxation in the hands of the club. Case-Laws Income Tax Sat, 28 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26584