https://www.taxtmi.com/caselaws?id=49609 Receipts of a members' association from entrance fees for authorised assistants, subscriptions for authorised assistants, and fees for placing companies on the quotations list were treated as taxable income because they were paid for identifiable, separate facilities. The provision applied where an association carried on business by rendering specific services to members for remuneration directly linked to those services. The additional payments were not part of ordinary mutual membership dealings; they secured tangible benefits beyond general association rights. The mutuality argument failed because the receipts were separately charged and corresponded to distinct advantages conferred on the paying members. Accordingly, the receipts fell within section 10(6) and were taxable. en-us Thu, 26 Mar 1959 00:00:00 +0530 Fri, 09 Oct 2015 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49609 Receipts of a members' association from entrance fees for authorised assistants, subscriptions for authorised assistants, and fees for placing companies on the quotations list were treated as taxable income because they were paid for identifiable, separate facilities. The provision applied where an association carried on business by rendering specific services to members for remuneration directly linked to those services. The additional payments were not part of ordinary mutual membership dealings; they secured tangible benefits beyond general association rights. The mutuality argument failed because the receipts were separately charged and corresponded to distinct advantages conferred on the paying members. Accordingly, the receipts fell within section 10(6) and were taxable. Case-Laws Income Tax Thu, 26 Mar 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49609