PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
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.
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.
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