https://www.taxtmi.com/caselaws?id=176245 Receipts of a mutual association are outside tax where contributors and participators are the same in substance and the fund is held for common benefit; on that basis, lagas were treated as non-taxable under the mutuality principle. By contrast, nominees' commission arose from a definite arrangement for services, was neither fortuitous nor non-recurring, and did not qualify as a special allowance or perquisite without an office of profit or a statutory expense-related grant; it was therefore taxable. A separate challenge to entrance fee and annual subscription could not be pursued outside the statutory reference procedure, so the motion was not entertainable in the manner adopted. en-us Wed, 12 Mar 1958 00:00:00 +0530 Thu, 17 Dec 2015 17:10:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176245 Receipts of a mutual association are outside tax where contributors and participators are the same in substance and the fund is held for common benefit; on that basis, lagas were treated as non-taxable under the mutuality principle. By contrast, nominees' commission arose from a definite arrangement for services, was neither fortuitous nor non-recurring, and did not qualify as a special allowance or perquisite without an office of profit or a statutory expense-related grant; it was therefore taxable. A separate challenge to entrance fee and annual subscription could not be pursued outside the statutory reference procedure, so the motion was not entertainable in the manner adopted. Case-Laws Income Tax Wed, 12 Mar 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176245