https://www.taxtmi.com/highlights?id=40212 Exemption u/s 11 - principle of mutuality - the interest earned by the assessee club on certain fixed deposits kept with certain banks who are also corporate members of the assessee is not covered by the mutuality principles and would therefore, be chargeable to tax in the hands of the assessee. en-us Tue, 03 Jul 2018 07:22:44 +0530 Tue, 03 Jul 2018 07:22:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=40212 Exemption u/s 11 - principle of mutuality - the interest earned by the assessee club on certain fixed deposits kept with certain banks who are also corporate members of the assessee is not covered by the mutuality principles and would therefore, be chargeable to tax in the hands of the assessee. Highlights Income Tax Tue, 03 Jul 2018 07:22:44 +0530 https://www.taxtmi.com/highlights?id=40212