https://www.taxtmi.com/caselaws?id=188136 A surplus from member contributions was held taxable where the association failed to prove the mutuality doctrine: there was no showing that all contributors were entitled to participate in the surplus or that all participators were contributors. The deeming provision for trade, professional or similar associations also did not apply, because the record did not show remuneration linked to specific services or separate charges capable of correlation with those services. In the absence of any exemption, the surplus remained income in the broad sense and was assessable as income from other sources. en-us Fri, 15 Mar 1957 00:00:00 +0530 Sat, 19 Nov 2016 10:33:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188136 A surplus from member contributions was held taxable where the association failed to prove the mutuality doctrine: there was no showing that all contributors were entitled to participate in the surplus or that all participators were contributors. The deeming provision for trade, professional or similar associations also did not apply, because the record did not show remuneration linked to specific services or separate charges capable of correlation with those services. In the absence of any exemption, the surplus remained income in the broad sense and was assessable as income from other sources. Case-Laws Income Tax Fri, 15 Mar 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188136