https://www.taxtmi.com/caselaws?id=68408 The tribunal upheld its decision that the truck operators' union was not eligible for exemption under section 10(24) of the Income Tax Act as they did not qualify as "workmen" under the Industrial Disputes Act. Regarding the principle of mutuality, the tribunal ruled that income from genuine members should be exempt, while income from temporary or ungenuine members should not. All disputed expenses were allowed as they were authorized and approved, resembling those of a private limited company. The tribunal settled the issue of charging interest under sections 234B and 234C of the Act, partially allowing the appeal for statistical purposes. en-us Mon, 16 May 2005 00:00:00 +0530 Sat, 03 Sep 2011 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68408 The tribunal upheld its decision that the truck operators' union was not eligible for exemption under section 10(24) of the Income Tax Act as they did not qualify as "workmen" under the Industrial Disputes Act. Regarding the principle of mutuality, the tribunal ruled that income from genuine members should be exempt, while income from temporary or ungenuine members should not. All disputed expenses were allowed as they were authorized and approved, resembling those of a private limited company. The tribunal settled the issue of charging interest under sections 234B and 234C of the Act, partially allowing the appeal for statistical purposes. Case-Laws Income Tax Mon, 16 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68408