https://www.taxtmi.com/caselaws?id=180725 The Court held in favor of the appellant, ruling that the principle of mutuality applies to the amounts received, including Rs. 7,44,000 from members and Rs. 20,695 as interest, making them not liable for tax as income. The decision aligned with a previous Division Bench judgment, leading to the appeal being disposed of in favor of the appellant, with no costs awarded. en-us Thu, 01 Oct 2009 00:00:00 +0530 Fri, 01 Apr 2016 10:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180725 The Court held in favor of the appellant, ruling that the principle of mutuality applies to the amounts received, including Rs. 7,44,000 from members and Rs. 20,695 as interest, making them not liable for tax as income. The decision aligned with a previous Division Bench judgment, leading to the appeal being disposed of in favor of the appellant, with no costs awarded. Case-Laws Income Tax Thu, 01 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180725