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Income Tax - Highlights / Catch Notes

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Principle of mutuality - 'Transfer fee' received from outgoing ...


High Court Rules Cooperative Society Transfer Fees Are Non-Taxable Under Mutuality Principle.

June 29, 2016

Case Laws     Income Tax     HC

Principle of mutuality - 'Transfer fee' received from outgoing member of co-operative society - whether is not taxable on the basis of concept of mutuality? - even though it is received towards Common Amenity Fund the principle of mutuality applies - HC

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