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2002 (7) TMI 56 - HC - Income TaxTrade Union - Exemption - "(ii) Whether the income of the excess of receipts over expenditure of the appellant-union was not exempt under section 10(24) of the Income-tax Act, particularly when the appellant-union was duly registered under the Indian Trade Unions Act, 1926? - (iii) Whether, appellant-union, a union of truck owners was not a union of workers within the meaning of the Trade Unions Act, 1926 (primarily formed with the view to regulate the relations between its members and the employers, namely, the transporters), was not entitled to claim exemption of income as provided under section 10(24) of the Income-tax Act, 1961? - (iv) Whetherthe learned authorities below were justified in holding that the Assessing Officer has rightly issued notice under section 147/148 of the Income-tax Act particularly when the limitation for issuing notice under section 143(2) of the Income-tax Act had not expired? - (v) Whether, in the facts and circumstances of the case, the income of the appellant-union was not exempted on the principles of mutuality in view of the law laid down by the Supreme Court in the cases of Chelmsford Club v. CIT and CIT v. Bankipur Club Ltd.?"
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