year 1997-98. It was pointed
out that the assessee has shown timeshare income to the
extent of Rs.9.45 crores against the actual ... membership fee which is reasonably
attributable towards direct cost required to sell timeshare
unit is recognised as timeshare income. In this connection,
the contention
assets should be classified into a
particular block. The capitalisation of timeshare weeks is not an
identifiable instrument. There is no scope for treating such ... Concept Pvt. Ltd. (RVCPL) which is in the nature of purchase of
timeshare points, receipt of collection commission, receipt of subscription
fees for database
assets should be classified into a
particular block. The capitalisation of timeshare weeks is not an
identifiable instrument. There is no scope for treating such ... Concept Pvt. Ltd. (RVCPL) which is in the nature of purchase of
timeshare points, receipt of collection commission, receipt of subscription
fees for database
District Commission are that the OPs were
dealing in the business of Timeshare Resorts for vacations. OP No.1
had its head office was situated ... commencing w.e.f. 01.01.1998. The OPs had
issued "Timeshare customer ID" 94773 in 1996. Therefore, the
Complainant was time share holder
loan to complete the project and of converting the project into a timeshare scheme. The petitioner has stated that her husband sought to ameliorate ... situation by setting up a timeshare company in UK for selling timeshares in the company and collected 40,000 Pund Sterling of which
BHIKAJI CAMA PLACE, NEW DELHI-110066 2. COUNTRY INN PVT. LTD. TIMESHARE DIVISION B-204, ANSAL CHAMBER I, BHIKAJI CAMA PLACE, NEW DELHI-110066 ...........Petitioner ... breach any terms and conditions of the vacation resort timeshare agreement dated 11.07.2010, which remained valid for ten years from the date of execution. Unjustly
that it creates
barriers to competition for its rival in the timeshare exchange market, i.e. Interval
International.
6. The Informant has prayed that ... public domain, the
Commission observed that the matter pertains to 'Timeshare' sector. Briefly, a timeshare
is a model in which customers
appeal is about disallowance of interest of Rs. 1.07 crores on timeshare
deposits. During the assessment proceedings the AO found that assessee had claimed
deduction ... under the head interest on timeshare up to 30/06/2005. He
directed the assessee to furnish details of the expenditure and to show cause
Commission, it was the case of the complainants that they purchased a Timeshare Apartment No.10 for the holiday of Toshali Royal View Resort, Shimla ... they did not pay any heed. The complainants have last utilized the timeshare from 12.6.2013 to 16.6.2013 where no bill number was marked
entitled to raise such demand as per terms and conditions of the
TimeShare and particularly in view of the fact, when rooms being ... Clause read as under:
"The maximum number of days which the TimeShare
holder shall be entitled to enjoy in a year by availing
accumulation
