2021 (12) TMI 1427

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....appellant has proposed following question of law. 1. Whether on the facts and in the circumstances of the case and in law, the Hon'ble Tribunal was justified in treating the entrance fees amounting to Rs.7,51,05,500/- received from its member as capital receipts as against revenue receipts ignoring the facts that facilities that are made available to the members are done in normal course of its ....

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.... of Rs.7,51,05,500/- on account of entrance fees treating the same as Revenue Receipts): 2.1 This ground of appeal has been disposed off by the Office of the undersigned in the Appellate order for A.Y. 2005-06 wherein it has been Held that entrance fees received is a Capital Receipt. 2.2 Since the facts and circumstances remain the same, following the principle of judicial consistency, this gr....