Assessing Officer's Error: Misclassification of Membership Fees and Unjustified Income Addition from Subscription Transfers.

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....Treatment to be given to the entrance fee received by the assessee from Life Members - AO was wrong in splitting the fee received from life members into capital and revenue receipts in 20:80 ratio. - AO was not justified in making an addition to the income on account of subscriptions transferred from the advance subscription account of ordinary members to the life members subscription account - AT....