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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Taxability of transfer fee receipts – it cannot be said that the ...


Appellant society's transfer fee receipts for 2004-05 not taxable under mutuality; no violation of model bye-laws.

June 12, 2014

Case Laws     Income Tax     AT

Taxability of transfer fee receipts – it cannot be said that the appellant society violated the model bye laws in the previous year relevant to AY 2004-05 by not adopting the new model bye laws - not taxable on the ground of Principles of mutuality - AT

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