Interest income earned on fixed deposits of Clubs are taxable under Section 2(24) of the Income Tax Act and principle…
Clubs or associations incorporated prior to 1.7.2012 not liable to service tax on the principle of mutuality ABCAUS Case Law…
Doctrine of mutuality was vitiated by absence of right to participate in surplus. Supreme Court explains three basic tests to…
Supreme Court explains the doctrine of mutuality. Receipts of non-occupancy charges, transfer charges, common amenity fund charges received by cooperative…
When the assessee claimed exemption on the principle of mutuality in the return of income and the AO also made…