https://www.taxtmi.com/caselaws?id=768948 ITAT PUNE ruled in favor of the assessee regarding the nature of nominal membership fees and share transfer fees received one time. The AO treated these amounts as revenue receipts, while the assessee classified B-Class Fees, Member Share Entrance and Admission Fees as capital receipts credited to Reserve Fund. The Tribunal noted consistent treatment in preceding years (2009-10, 2012-13, 2013-14, 2014-15) where similar issues were decided favorably. Following established precedent, ITAT held that fees received by the assessee do not constitute revenue receipts, allowing the appeal. en-us Wed, 09 Apr 2025 00:00:00 +0530 Wed, 16 Apr 2025 08:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768948 ITAT PUNE ruled in favor of the assessee regarding the nature of nominal membership fees and share transfer fees received one time. The AO treated these amounts as revenue receipts, while the assessee classified B-Class Fees, Member Share Entrance and Admission Fees as capital receipts credited to Reserve Fund. The Tribunal noted consistent treatment in preceding years (2009-10, 2012-13, 2013-14, 2014-15) where similar issues were decided favorably. Following established precedent, ITAT held that fees received by the assessee do not constitute revenue receipts, allowing the appeal. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768948