https://www.taxtmi.com/caselaws?id=75422 The High Court upheld the Tribunal's decision, denying exemption for interest income of the appellant club based on the principles of mutuality. However, the Court remitted the issue of miscellaneous income back to the Tribunal for reconsideration in line with a Supreme Court ruling, providing guidance on the tax treatment of such income for mutual concerns. en-us Tue, 22 Dec 2009 00:00:00 +0530 Wed, 07 Sep 2011 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75422 The High Court upheld the Tribunal's decision, denying exemption for interest income of the appellant club based on the principles of mutuality. However, the Court remitted the issue of miscellaneous income back to the Tribunal for reconsideration in line with a Supreme Court ruling, providing guidance on the tax treatment of such income for mutual concerns. Case-Laws Income Tax Tue, 22 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75422