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

Mutuality Principle: Members, Guests, and Affiliates Exempt from Taxation u/s 115JB.

February 22, 2013

Case Laws Income Tax AT

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 ...

Mutuality Principle: Members, Guests, and Affiliates Exempt from Taxation u/s 115JB.

February 22, 2013

Case Laws Income Tax AT

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