https://www.taxtmi.com/caselaws?id=277342 A mutual association does not derive taxable profit from fees paid by members for services rendered to them when the receipts are used for the members' own benefit. The decisive test was whether the receipts represented profit or a surplus from members combining to provide services for themselves; the Chamber was treated as an incorporated association acting for its members. Incidental services to outsiders did not destroy mutuality where member and non-member receipts were capable of separate identification, and on the facts the member-related measurement activity predominated. The measurement fees from members were therefore not taxable income, and the question was answered in the negative for the assessee. en-us Tue, 30 May 1939 00:00:00 +0530 Sat, 01 Dec 2018 13:19:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277342 A mutual association does not derive taxable profit from fees paid by members for services rendered to them when the receipts are used for the members' own benefit. The decisive test was whether the receipts represented profit or a surplus from members combining to provide services for themselves; the Chamber was treated as an incorporated association acting for its members. Incidental services to outsiders did not destroy mutuality where member and non-member receipts were capable of separate identification, and on the facts the member-related measurement activity predominated. The measurement fees from members were therefore not taxable income, and the question was answered in the negative for the assessee. Case-Laws Income Tax Tue, 30 May 1939 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277342