https://www.taxtmi.com/caselaws?id=776329 The ITAT Chennai upheld the CIT(A) order allowing the assessee to recognize 60% of membership fee receipts in the current year and defer 40% over the membership period, relying on prior Special Bench decisions. Expenditure on leasehold improvements was directed to be treated as per earlier ITAT guidance, confirming it as allowable. Regarding TDS under section 195, the Tribunal allowed disallowance relief on payments to a Malaysian entity for resort maintenance fees, subject to submission of a Tax Residency Certificate and declaration of no permanent establishment. All revenue appeals were dismissed. en-us Fri, 03 Jan 2025 00:00:00 +0530 Fri, 08 Aug 2025 05:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776329 The ITAT Chennai upheld the CIT(A) order allowing the assessee to recognize 60% of membership fee receipts in the current year and defer 40% over the membership period, relying on prior Special Bench decisions. Expenditure on leasehold improvements was directed to be treated as per earlier ITAT guidance, confirming it as allowable. Regarding TDS under section 195, the Tribunal allowed disallowance relief on payments to a Malaysian entity for resort maintenance fees, subject to submission of a Tax Residency Certificate and declaration of no permanent establishment. All revenue appeals were dismissed. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776329