https://www.taxtmi.com/caselaws?id=181653 The Tribunal upheld the CIT(A) decision in a case involving an association of Air Cargo Agents. The issue revolved around the addition of amounts received from members and invested in Mutual Funds, with the association claiming exemption under the principle of mutuality. The Revenue's appeal was dismissed, and the CIT(A) order was upheld based on mutuality principles and past assessments, with the Tribunal citing a Bombay High Court precedent supporting mutuality in such cases. en-us Thu, 21 Mar 2013 00:00:00 +0530 Thu, 21 Apr 2016 11:32:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181653 The Tribunal upheld the CIT(A) decision in a case involving an association of Air Cargo Agents. The issue revolved around the addition of amounts received from members and invested in Mutual Funds, with the association claiming exemption under the principle of mutuality. The Revenue's appeal was dismissed, and the CIT(A) order was upheld based on mutuality principles and past assessments, with the Tribunal citing a Bombay High Court precedent supporting mutuality in such cases. Case-Laws Income Tax Thu, 21 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181653