https://www.taxtmi.com/caselaws?id=27536 The court upheld the Tribunal's decision, applying the principle of mutuality. The club, acting as an agent for its members, was found not to engage in business with its members for profit. Therefore, the receipts from temporary and honorary members were not taxable as business income. Additionally, income from rooms occupied by members was deemed not taxable as income from property, as the club provided facilities to members as part of their membership rights. The court referenced relevant precedents and ordered each party to bear its own costs. en-us Thu, 19 Jan 1984 00:00:00 +0530 Sat, 13 Feb 2010 14:00:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27536 The court upheld the Tribunal's decision, applying the principle of mutuality. The club, acting as an agent for its members, was found not to engage in business with its members for profit. Therefore, the receipts from temporary and honorary members were not taxable as business income. Additionally, income from rooms occupied by members was deemed not taxable as income from property, as the club provided facilities to members as part of their membership rights. The court referenced relevant precedents and ordered each party to bear its own costs. Case-Laws Income Tax Thu, 19 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27536