https://www.taxtmi.com/manuals?id=5625 Doctrine of mutuality treats surpluses in a common fund as accretions to that fund rather than taxable income where there is identity of contributors and recipients, the association acts as an instrument of its members, and contributors cannot derive profit from their contributions; commercial operations with non-members or a profit motive negate mutuality. en-us Wed, 23 Oct 2024 17:19:00 +0530 Wed, 09 Jul 2025 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5625 Doctrine of mutuality treats surpluses in a common fund as accretions to that fund rather than taxable income where there is identity of contributors and recipients, the association acts as an instrument of its members, and contributors cannot derive profit from their contributions; commercial operations with non-members or a profit motive negate mutuality. Manuals Indian Laws Wed, 23 Oct 2024 17:19:00 +0530 https://www.taxtmi.com/manuals?id=5625