https://www.taxtmi.com/caselaws?id=168334 Transfer fees received by assessee societies from outgoing or incoming members were held to fall within the principle of mutuality and were not liable to tax. The Government circulars dated 27.11.1989 and 20.12.1989 did not alter that position, so the issue was answered in favour of the assessee and against the Revenue. en-us Fri, 17 Jul 2009 00:00:00 +0530 Sat, 21 Feb 2015 10:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168334 Transfer fees received by assessee societies from outgoing or incoming members were held to fall within the principle of mutuality and were not liable to tax. The Government circulars dated 27.11.1989 and 20.12.1989 did not alter that position, so the issue was answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Fri, 17 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168334