Entrance fee / onetime fee from new members is capital receipts
May 20, 2019
Income Tax, ITAT
Entrance fee / onetime fee from new members is capital receipts. Similarly donation towards corpus fund were also eligible for the exemption ABCAUS Case Law Citation: ABCAUS 2947 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties CIT vs. W.I.A.A. Club Ltd. 136 ITR 569 The …