https://www.taxtmi.com/highlights?id=53218 Doctrine of mutuality - Exemption from taxability - The doctrine of mutuality bestows a special status to qualify for exemption from tax liability. It is a settled proposition of law that exemptions are to be put to strict interpretation. The appellant having failed to fulfil the stipulations and to prove the existence of mutuality, the question of extending exemption from tax liability to the appellant, that too at the cost of public exchequer, does not arise - SC en-us Wed, 29 Apr 2020 10:04:47 +0530 Wed, 29 Apr 2020 10:04:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53218 Doctrine of mutuality - Exemption from taxability - The doctrine of mutuality bestows a special status to qualify for exemption from tax liability. It is a settled proposition of law that exemptions are to be put to strict interpretation. The appellant having failed to fulfil the stipulations and to prove the existence of mutuality, the question of extending exemption from tax liability to the appellant, that too at the cost of public exchequer, does not arise - SC Highlights Income Tax Wed, 29 Apr 2020 10:04:47 +0530 https://www.taxtmi.com/highlights?id=53218