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2023 (5) TMI 370 - SCH - Income TaxCharacterization of receipts - entrance fees received from its member - capital receipts or revenue receipts - whether facilities that are made available to the members are done in normal course of its business as the assessee is engaged in the business of race course? - HC held any sum paid by a member to acquire the rights of a club is a capital receipt - HELD THAT:- We are not inclined to entertain the Special Leave Petition under Article 136 of the Constitution. Special Leave Petition is accordingly dismissed.
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