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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Assessee’s society is covered by the doctrine of mutuality and ...


Society's Member Income Exempt from Taxation, Non-Member Income Taxable Under Doctrine of Mutuality.

September 18, 2012

Case Laws     Income Tax     AT

Assessee’s society is covered by the doctrine of mutuality and this amount was not taxable - income received from the members is exempt and the income received from nonmembers is taxable - AT

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