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2015 (9) TMI 539 - AT - Income TaxMembership fee receipt - accrual of income on proportionate basis - CIT(Appeals)’s action in allowing the assessee’s claim offering only 1/8th of membership receipts received during the relevant previous year as its income - Held that:- The Revenue had sought to tax the similar membership advances in the relevant year of receipt in earlier assessment years as well. The assessee produces copy of the co-ordinate bench decision (supra) rejecting this course of action. The Revenue only submits that the issue has not attained finality as its appeals are pending before the hon'ble jurisdictional high court. We observe that this plea does not form a valid ground to adopt a different action in the present case. The CIT(Appeals)’s findings are affirmed. - Decided against revenue Disallowance of safety bonus claim - CIT(A) deleted disallowance - Held that:- CIT(Appeals) has followed the tribunal’s decision for the assessment years 2001-02 to 2007-08 in deleting the impugned disallowance of safety bonuses written off as per Actuarial valuation. The Revenue neither draws any distinction on facts nor does it quote any case law to the contrary directly covering the issue. We follow consistency in these circumstances and reject the Revenue’s arguments. - Decided against revenue.
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