https://www.taxtmi.com/caselaws?id=756202 A statutory welfare fund for advocates does not qualify for exemption on mutuality where contributors and beneficiaries are not identical and some contributions are compulsory. The commentary notes that such a fund also fails to establish local authority status or instrumentality of the State when it does not perform public administrative functions and operates autonomously. Receipts from welfare fund stamps, bank interest, and allied collections are taxable where the collection mechanism introduces an external or commercial element and the State Act does not override income-tax consequences. Welfare outgoings such as death benefits, funeral expenses, and retirement support are generally application of income, not deductible expenditure, except to the limited extent directly linked to earning income and administration. en-us Wed, 24 Jul 2024 00:00:00 +0530 Mon, 29 Jul 2024 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756202 A statutory welfare fund for advocates does not qualify for exemption on mutuality where contributors and beneficiaries are not identical and some contributions are compulsory. The commentary notes that such a fund also fails to establish local authority status or instrumentality of the State when it does not perform public administrative functions and operates autonomously. Receipts from welfare fund stamps, bank interest, and allied collections are taxable where the collection mechanism introduces an external or commercial element and the State Act does not override income-tax consequences. Welfare outgoings such as death benefits, funeral expenses, and retirement support are generally application of income, not deductible expenditure, except to the limited extent directly linked to earning income and administration. Case-Laws Income Tax Wed, 24 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756202