https://www.taxtmi.com/caselaws?id=356972 The Court dismissed all appeals by the Revenue and allowed the appeal by the assessee society, ruling that the receipts were not taxable under the doctrine of mutuality. It held that as long as the receipts were used for the common benefit of the members, they were not subject to tax. The Court clarified that economic participation had to be limited to members and not transferees who were not members, making receipts from them taxable. en-us Mon, 12 Mar 2018 00:00:00 +0530 Mon, 14 May 2018 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356972 The Court dismissed all appeals by the Revenue and allowed the appeal by the assessee society, ruling that the receipts were not taxable under the doctrine of mutuality. It held that as long as the receipts were used for the common benefit of the members, they were not subject to tax. The Court clarified that economic participation had to be limited to members and not transferees who were not members, making receipts from them taxable. Case-Laws Income Tax Mon, 12 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356972