https://www.taxtmi.com/caselaws?id=781355 SC dismissed the Civil Appeals and SLPs, upholding the HC's factual finding that advance receipts under membership/room-night schemes do not constitute allowable revenue expenditure where the business is hotelier and the schemes obligate refunds including surrendered value. The Court held the Commissioner's sweeping directions under s.263 warranted appellate consideration and that the appeal to the Tribunal was competent and maintainable. Noting no claim was filed in the CIRP and the resolution plan has been approved and implemented, the appeals were dismissed following existing precedent. en-us Thu, 06 Nov 2025 00:00:00 +0530 Fri, 14 Nov 2025 09:42:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781355 SC dismissed the Civil Appeals and SLPs, upholding the HC's factual finding that advance receipts under membership/room-night schemes do not constitute allowable revenue expenditure where the business is hotelier and the schemes obligate refunds including surrendered value. The Court held the Commissioner's sweeping directions under s.263 warranted appellate consideration and that the appeal to the Tribunal was competent and maintainable. Noting no claim was filed in the CIRP and the resolution plan has been approved and implemented, the appeals were dismissed following existing precedent. Case-Laws Income Tax Thu, 06 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781355