https://www.taxtmi.com/article/detailed?id=9136 The court applies the doctrine of mutuality by testing identity between contributors and beneficiaries, the entity's obedience to member mandate, and the impossibility of profit from self contribution; it finds that non member contributions, discretionary parental payments, parental control of management, lack of entitlement to surplus by contributors, and the entity's commercial operations defeat mutuality and preclude treating surplus as non taxable. en-us Thu, 30 Apr 2020 10:20:09 +0530 Thu, 30 Apr 2020 19:49:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9136 The court applies the doctrine of mutuality by testing identity between contributors and beneficiaries, the entity's obedience to member mandate, and the impossibility of profit from self contribution; it finds that non member contributions, discretionary parental payments, parental control of management, lack of entitlement to surplus by contributors, and the entity's commercial operations defeat mutuality and preclude treating surplus as non taxable. Articles Income Tax Thu, 30 Apr 2020 10:20:09 +0530 https://www.taxtmi.com/article/detailed?id=9136