https://www.taxtmi.com/caselaws?id=791810 Advance sale of room nights was treated as an allowable revenue receipt where the assessee's principal business was providing accommodation and related facilities to tourist members, and the expenses attributable to those receipts were also debited in the accounts. The SC dismissed the Special Leave Petition by following its earlier order in Pancard Clubs Limited, leaving that approach undisturbed. en-us Fri, 15 May 2026 00:00:00 +0530 Mon, 18 May 2026 08:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791810 Advance sale of room nights was treated as an allowable revenue receipt where the assessee's principal business was providing accommodation and related facilities to tourist members, and the expenses attributable to those receipts were also debited in the accounts. The SC dismissed the Special Leave Petition by following its earlier order in Pancard Clubs Limited, leaving that approach undisturbed. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791810