Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
The assessee club, established with a non-profit motive, is distinct from its members who lack rights over any surplus generated. The club's activities lack commerciality, and reserves are utilized solely for furthering club activities without benefiting individual members. Consequently, the principle of mutuality applies, rendering the club's income non-taxable. The department's appeal against this determination is dismissed by the Income Tax Appellate Tribunal.