https://www.taxtmi.com/caselaws?id=17308 Receipts arising from mutual dealings between a club and its members, including rent from rooms let with club facilities, were held not taxable under the doctrine of mutuality, following the principle in Bankipur Club. Income from the swimming pool and stadium was treated as business income rather than income from house property because the record did not show mere letting of property to outsiders. Both issues were decided in favour of the assessee, and the Revenue's challenge failed. en-us Fri, 08 Aug 1997 00:00:00 +0530 Wed, 30 Sep 2015 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17308 Receipts arising from mutual dealings between a club and its members, including rent from rooms let with club facilities, were held not taxable under the doctrine of mutuality, following the principle in Bankipur Club. Income from the swimming pool and stadium was treated as business income rather than income from house property because the record did not show mere letting of property to outsiders. Both issues were decided in favour of the assessee, and the Revenue's challenge failed. Case-Laws Income Tax Fri, 08 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17308