1987 (7) TMI 7 - HC - Income Tax

Summary

The High Court of Kerala ruled in favor of the respondent, a voluntary club, for exemption under the doctrine of mutuality for the assessment year 1974-75. The court held that no trading element was involved when the club charged members for amenities, as no non-member was allowed to enjoy the facilities. The Revenue's application to refer questions of law was declined as no legal issue arose. The original petition was dismissed.