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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Applicability of principle of mutuality - consumer co-operative ...


High Court Rules Consumer Co-op Society Cannot Use Mutuality Doctrine for Tax Benefits in Trading Goods.

July 4, 2012

Case Laws     Income Tax     HC

Applicability of principle of mutuality - consumer co-operative society, engaged in trading in consumer goods to its members as well as non-members - The doctrine of mutuality cannot be applied to the Assessee. - HC

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