https://www.taxtmi.com/caselaws?id=56584 Receipts of a member-based association were held to fall within the principle of mutuality because subscriptions and contributions came from members for their own mutual benefit. The rules showed that amenities and services were confined to members, there was a common fund, non-members had no right to participate, and surplus could be distributed among members on dissolution. The possibility of changes in membership did not destroy mutuality, and an unauthorised act by an employee could not alter the association's character. On this basis, the association's income was treated as not liable to tax. en-us Thu, 28 Apr 1983 00:00:00 +0530 Sat, 04 Dec 2010 16:40:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56584 Receipts of a member-based association were held to fall within the principle of mutuality because subscriptions and contributions came from members for their own mutual benefit. The rules showed that amenities and services were confined to members, there was a common fund, non-members had no right to participate, and surplus could be distributed among members on dissolution. The possibility of changes in membership did not destroy mutuality, and an unauthorised act by an employee could not alter the association's character. On this basis, the association's income was treated as not liable to tax. Case-Laws Income Tax Thu, 28 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56584