Chit funds - Taxability of foreman dividend - The assessee was a ...

Foreman dividends from chit funds are taxable for businesses seeking profit, disqualifying mutuality principle claims.

December 12, 2013

Case Laws Income Tax AT

Chit funds - Taxability of foreman dividend - The assessee was a business concern and its aim was to make profits and, thus, the principles of mutuality could not be applied to it - AT

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Chit funds - Taxability of foreman dividend - The assessee was a ...

Foreman dividends from chit funds are taxable for businesses seeking profit, disqualifying mutuality principle claims.

December 12, 2013

Case Laws Income Tax AT

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