https://www.taxtmi.com/caselaws?id=60683 The Tribunal upheld the decision that the club's income was not taxable based on the principle of mutuality, except for interest income from fixed deposits, which was deemed taxable. The appeal by the Department was partly allowed, and the cross-objection by the assessee was dismissed. en-us Fri, 06 Aug 1993 00:00:00 +0530 Fri, 07 Jan 2011 15:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60683 The Tribunal upheld the decision that the club's income was not taxable based on the principle of mutuality, except for interest income from fixed deposits, which was deemed taxable. The appeal by the Department was partly allowed, and the cross-objection by the assessee was dismissed. Case-Laws Income Tax Fri, 06 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60683