https://www.taxtmi.com/caselaws?id=386639 The Appellate Tribunal upheld the Commissioner's decision, ruling in favor of the National Association of Software and Service Companies (NASSCOM) that its income from members falls within the principle of mutuality, exempting it from tax under Section 11 of the Income-tax Act. The Tribunal dismissed the revenue's appeal, emphasizing that variances in membership fees and voting rights do not impact NASSCOM's eligibility for tax exemption. en-us Fri, 20 Sep 2019 00:00:00 +0530 Fri, 04 Oct 2019 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386639 The Appellate Tribunal upheld the Commissioner's decision, ruling in favor of the National Association of Software and Service Companies (NASSCOM) that its income from members falls within the principle of mutuality, exempting it from tax under Section 11 of the Income-tax Act. The Tribunal dismissed the revenue's appeal, emphasizing that variances in membership fees and voting rights do not impact NASSCOM's eligibility for tax exemption. Case-Laws Income Tax Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386639