https://www.taxtmi.com/caselaws?id=305912 The tribunal upheld the principle of mutuality in the company's case for the assessment year 2009-10, emphasizing the company's non-profit objective and structure. It directed the AO to verify outsider services for potential taxation. The tribunal affirmed the CIT(A)'s decision in favor of the assessee regarding depreciation and employees' contributions to PF & ESIC, citing the acceptance of the mutuality principle. The Revenue's appeals were dismissed, and the decision was pronounced in favor of the assessee on August 22, 2016. en-us Mon, 22 Aug 2016 00:00:00 +0530 Fri, 30 Dec 2022 09:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305912 The tribunal upheld the principle of mutuality in the company's case for the assessment year 2009-10, emphasizing the company's non-profit objective and structure. It directed the AO to verify outsider services for potential taxation. The tribunal affirmed the CIT(A)'s decision in favor of the assessee regarding depreciation and employees' contributions to PF & ESIC, citing the acceptance of the mutuality principle. The Revenue's appeals were dismissed, and the decision was pronounced in favor of the assessee on August 22, 2016. Case-Laws Income Tax Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305912