Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2009 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (12) TMI 106 - HC - Income TaxClub – Concept of mutuality – interest income of a club - Whether on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in law in holding that the interest income of the appellant club was not exempt on the principles of mutuality? - Whether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal was right in law in holding that the miscellaneous income viz., hall charges, guest charges, mike charges, etc., of the appellant club was not exempt on the principles of mutuality? – held that – matter remanded back in view of decisions in the matter of MADRAS GYMKHANA CLUB VS. DEPUTY COMMISSIONER OF INCOME-TAX [2009 -TMI - 34308 - MADRAS HIGH COURT] and COMMISSIONER OF INCOME TAX VS. BANKIPURCLUB LIMITED [2008 -TMI - 5595 - SUPREME Court]
|