Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1987 (8) TMI 76 - ANDHRA PRADESH HIGH COURT
Extract:
.......ee is a mutual benefit association and its income is not liable to be taxed. We are supported in the above view taken by the decision of this court in Addl. CIT v. Secunderabad Club 1984 150 ITR 401. We, accordingly, answer the question in the affirmative, i.e., in favour of the assessee and against the Revenue. There shall be no order as to costs.