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Commissioner Of Income Tax vs Divine Light Mission on 21 April, 2004

8. In all these aforesaid cases, the entrance fee/ one-time membership fee received from the new members were treated as revenue receipt. The ld DR also placed reliance on the decision of Hon‟ble Jurisdictional High Court in the case of CIT vs Divine Light Mission reported in 278 ITR 659 (Del), wherein it was held that voluntary donation received by the trust was treated as revenue receipt.
Delhi High Court Cites 15 - Cited by 12 - B D Ahmed - Full Document

C.I.T Central-Iii vs M/S Excel Industries Ltd on 8 October, 2013

The decisions rendered by the Hon‟ble Supreme Court in the case of Excel Industries (supra) on the aspect of timing difference and consequently there should not be any addition, applies to the facts of the instant case before us. Accordingly, we hold that the action of the revenue in treating the one time life membership fee received from the architects as a revenue receipt is not acceptable. The ld AO is hereby directed to ignore the said sum of ₹1,56,45,000/- while computing the application of income for charitable purposes and while computing the exemption u/s 11 of the Act. The ld AO is hereby directed to compute accordingly and grounds raised by the assessee for assessment year 2012-13 on merits are allowed and sustenance of reopening are dismissed as not pressed.
Supreme Court of India Cites 13 - Cited by 498 - M B Lokur - Full Document
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