https://www.taxtmi.com/caselaws?id=188135 A trade association's commission charged from members for arranging the sale of iron ore through the State Trading Corporation was held taxable as income under section 10(6) of the Income-tax Act, 1922. The payment was treated as remuneration for specific services rendered only to those members who used the facility, and the benefit of the arrangement was available to all members, so complete identity between contributors and participators was absent. On that basis, the principle of mutuality did not apply and the receipt fell within the deeming provision as business income. en-us Fri, 30 Aug 1963 00:00:00 +0530 Sat, 19 Nov 2016 10:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188135 A trade association's commission charged from members for arranging the sale of iron ore through the State Trading Corporation was held taxable as income under section 10(6) of the Income-tax Act, 1922. The payment was treated as remuneration for specific services rendered only to those members who used the facility, and the benefit of the arrangement was available to all members, so complete identity between contributors and participators was absent. On that basis, the principle of mutuality did not apply and the receipt fell within the deeming provision as business income. Case-Laws Income Tax Fri, 30 Aug 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188135