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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Principle of Mutuality - taxability of 'Card guest ...

Income Tax

May 1, 2015

Principle of Mutuality - taxability of 'Card guest income' and 'general guest fee' received by the club paid by the members - Just because the transactions, which are non-mutual in character, would not destroy the principle of mutuality. - HC

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