https://www.taxtmi.com/caselaws?id=26585 The High Court held that entrance fees received by the assessee-club were revenue receipts and taxable, contrary to the Tribunal's view. Regarding the donation from TISCO, it was deemed a capital receipt and not taxable, aligning with principles from precedent cases. The judgment favored the Revenue on the entrance fees issue and the assessee on the donation matter. Both parties partially succeeded, leading to no order on costs. en-us Sat, 28 Sep 1985 00:00:00 +0530 Sat, 06 Feb 2010 11:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26585 The High Court held that entrance fees received by the assessee-club were revenue receipts and taxable, contrary to the Tribunal's view. Regarding the donation from TISCO, it was deemed a capital receipt and not taxable, aligning with principles from precedent cases. The judgment favored the Revenue on the entrance fees issue and the assessee on the donation matter. Both parties partially succeeded, leading to no order on costs. Case-Laws Income Tax Sat, 28 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26585