https://www.taxtmi.com/caselaws?id=458222 The ITAT partially allowed the appeal, affirming the taxability of interest income and donations from non-members, as they do not qualify for exemption under the principle of mutuality. However, the Tribunal directed the AO to remove the levy of interest under section 234B, as TDS was applicable and duly deducted on these incomes. en-us Fri, 23 Jul 2010 00:00:00 +0530 Wed, 16 Oct 2024 11:42:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458222 The ITAT partially allowed the appeal, affirming the taxability of interest income and donations from non-members, as they do not qualify for exemption under the principle of mutuality. However, the Tribunal directed the AO to remove the levy of interest under section 234B, as TDS was applicable and duly deducted on these incomes. Case-Laws Income Tax Fri, 23 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458222