https://www.taxtmi.com/caselaws?id=277343 Club receipts are not exempt from income-tax merely because they are used to improve club amenities; exemption for charitable or useful purposes requires devotion to an object of general public utility, and that condition was not met. The mutuality claim also failed because the persons contributing the receipts were not necessarily the same as those entitled to control the surplus, so the receipts could not be treated as non-income on a mutual basis. The surplus was therefore taxable, either as business profits or, if not business income, as income from other sources. en-us Fri, 02 Jan 1931 00:00:00 +0530 Sat, 01 Dec 2018 13:22:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277343 Club receipts are not exempt from income-tax merely because they are used to improve club amenities; exemption for charitable or useful purposes requires devotion to an object of general public utility, and that condition was not met. The mutuality claim also failed because the persons contributing the receipts were not necessarily the same as those entitled to control the surplus, so the receipts could not be treated as non-income on a mutual basis. The surplus was therefore taxable, either as business profits or, if not business income, as income from other sources. Case-Laws Income Tax Fri, 02 Jan 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277343