https://www.taxtmi.com/caselaws?id=24257 Member subscriptions and related income streams, including interest on securities, deposits, savings bank balances and debentures, were treated as falling on the same footing for exemption under section 11(1)(a) of the Income-tax Act, 1961. The Bombay High Court relied on its earlier reference involving the same entity and on the principle applied in the Bar Council of Maharashtra decision to conclude that these receipts did not attract income-tax. The referred question was answered in favour of the assessee. en-us Thu, 29 Sep 1988 00:00:00 +0530 Mon, 18 Jan 2010 17:41:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24257 Member subscriptions and related income streams, including interest on securities, deposits, savings bank balances and debentures, were treated as falling on the same footing for exemption under section 11(1)(a) of the Income-tax Act, 1961. The Bombay High Court relied on its earlier reference involving the same entity and on the principle applied in the Bar Council of Maharashtra decision to conclude that these receipts did not attract income-tax. The referred question was answered in favour of the assessee. Case-Laws Income Tax Thu, 29 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24257