https://www.taxtmi.com/caselaws?id=58810 The Tribunal dismissed the appeals, ruling that the amounts received by the society were considered part of its income. The receipts were deemed revenue in nature, arising from a consistent source under a contractual agreement with members, rather than being casual or capital receipts. The Tribunal rejected the argument that the receipts mirrored those in the members' possession, emphasizing that the society's receipts stemmed from a distinct source outlined in its regulations. en-us Fri, 17 Mar 1978 00:00:00 +0530 Wed, 22 Dec 2010 12:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58810 The Tribunal dismissed the appeals, ruling that the amounts received by the society were considered part of its income. The receipts were deemed revenue in nature, arising from a consistent source under a contractual agreement with members, rather than being casual or capital receipts. The Tribunal rejected the argument that the receipts mirrored those in the members' possession, emphasizing that the society's receipts stemmed from a distinct source outlined in its regulations. Case-Laws Income Tax Fri, 17 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58810