Principles of mutuality – “member” includes guests and relatives ...

Income Tax

February 22, 2013

Principles of mutuality – “member” includes guests and relatives of the members and members of the affiliated clubs - Once the income is found to be covered by principle of mutuality, the same cannot be brought to tax even under the provisions of s. 115JB - AT

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Principles of mutuality – “member” includes guests and relatives ...

Income Tax

February 22, 2013

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