https://www.taxtmi.com/caselaws?id=20298 The High Court held that Gurudakshina received from members was exempt from income tax based on the principle of mutuality. The decision was supported by a communication from the Central Board of Direct Taxes and the findings of the Tribunal. The Court ruled in favor of the assessee, emphasizing the importance of the Board's communication in determining the tax treatment of Gurudakshina. The Revenue's appeal was dismissed, and the Tribunal's decision was upheld. en-us Tue, 22 Feb 1994 00:00:00 +0530 Fri, 13 Nov 2009 11:07:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20298 The High Court held that Gurudakshina received from members was exempt from income tax based on the principle of mutuality. The decision was supported by a communication from the Central Board of Direct Taxes and the findings of the Tribunal. The Court ruled in favor of the assessee, emphasizing the importance of the Board's communication in determining the tax treatment of Gurudakshina. The Revenue's appeal was dismissed, and the Tribunal's decision was upheld. Case-Laws Income Tax Tue, 22 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20298