https://www.taxtmi.com/caselaws?id=23921 The court ruled in favor of the assessee, upholding the principle of mutuality in the case involving receipts of an association. Despite a clause in the association's memorandum, control over surplus disposal by contributors was deemed significant. The court distinguished relevant cases and concluded that the receipts under the head 'Others' were not taxable under 'Business' or 'Other sources'. en-us Thu, 27 Apr 1989 00:00:00 +0530 Fri, 15 Jan 2010 12:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23921 The court ruled in favor of the assessee, upholding the principle of mutuality in the case involving receipts of an association. Despite a clause in the association's memorandum, control over surplus disposal by contributors was deemed significant. The court distinguished relevant cases and concluded that the receipts under the head 'Others' were not taxable under 'Business' or 'Other sources'. Case-Laws Income Tax Thu, 27 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23921