Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (10) TMI 566 - AT - Income TaxRectification of mistake - order of ITAT - miscellaneous petition filed by the Revenue against the order of the Tribunal - Amount received on account of time sharing units is to be taxed in the year of receipt when services are to be rendered by the assessee in subsequent years also - Held that:- Amount/ Income relates to admission fee or entrance fee in the case of club and does not relate to the receipt under a time sharing arrangement and is a revenue Income- No mistake in the order of the Tribunal which requires rectification on this issue - ground raised in the miscellaneous petition by revenue is dismissed.
|