made by Dr.G.JAYACHANDRAN,J.)
The appellant is the assessee running timeshare resorts at various places
in India. The fees collected for membership ... Tribunal, in sum ans substance, held that the entire amount of
timeshare membership fee receivable by the assessee upfront at the time of
enrolment
funds for
the Assessee to enable it to provide guarantee to the timeshare holders in
respect of preconstructions of the unit of accommodation. The Prestige ... carrying on
the business of building holiday resort and marketing of timeshare where the
Assessee is a trust company for timeshare resorts in India. According
funds for
the Assessee to enable it to provide guarantee to the timeshare holders in
respect of preconstructions of the unit of accommodation. The Prestige ... carrying on
the business of building holiday resort and marketing of timeshare where the
Assessee is a trust company for timeshare resorts in India. According
funds for
the Assessee to enable it to provide guarantee to the timeshare holders in
respect of preconstructions of the unit of accommodation. The Prestige ... carrying on
the business of building holiday resort and marketing of timeshare where the
Assessee is a trust company for timeshare resorts in India. According
funds for
the Assessee to enable it to provide guarantee to the timeshare holders in
respect of preconstructions of the unit of accommodation. The Prestige ... carrying on
the business of building holiday resort and marketing of timeshare where the
Assessee is a trust company for timeshare resorts in India. According
funds for
the Assessee to enable it to provide guarantee to the timeshare holders in
respect of preconstructions of the unit of accommodation. The Prestige ... carrying on
the business of building holiday resort and marketing of timeshare where the
Assessee is a trust company for timeshare resorts in India. According
funds for
the Assessee to enable it to provide guarantee to the timeshare holders in
respect of preconstructions of the unit of accommodation. The Prestige ... carrying on
the business of building holiday resort and marketing of timeshare where the
Assessee is a trust company for timeshare resorts in India. According
funds for
the Assessee to enable it to provide guarantee to the timeshare holders in
respect of preconstructions of the unit of accommodation. The Prestige ... carrying on
the business of building holiday resort and marketing of timeshare where the
Assessee is a trust company for timeshare resorts in India. According
concluding that the
amounts received by the assessee towards the timeshare subscription from the
customers and shown as advance in the balance sheet
subscription charges received
for providing facilities throughout the period of timeshare,
because the assessee receives from the customers.
(a) Annual maintenance charges to enable ... each year was credited with the amount received towards the cost of timeshare
which was sold to the customers. The advance subscription amount collected
towards
