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1 - 10 of 18 (0.25 seconds)Section 2 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Deputy Commissioner Of Income Tax, (E), ... vs M/S. Tool And Gauge Manufacturers ... on 16 November, 2018
ix. ITAT Delhi Bench 'C' in Assistant Director of Income Tax (E), Trust Circle
II, vs. Hologram Manufacturers Association in Appeal No. 3383/Del/2009
x. ITAT Kolkata Bench 'A' Belvedere Estates Tenants Association vs. Income-
tax Officer in ITA no. 1156/Kol./2011 (c)
5.2.5 Ld. Counsel for the assessee submitted that the Revenue has filed
the appeals challenging the order of Ld. F.A.A. on the basis of Ld. F.A.A.
holding the receipts to be of the nature of FTS and application of principle of
mutuality. However, there was third reason for allowing the appeal of assessee
that the subscription's fee were held to be in the nature of reimbursement and
the same has not been challenged before this Tribunal so on that ground alone
the revenue appeals deserve to be disallowed.
Commissioner Of Income-Tax, Bihar And ... vs Bankipur Club Ltd. on 22 February, 1967
In Commissioner of Income Tax, Bihar v.
Bankipur Club Ltd.1, this court observed on the nature of liability under the
1961 Act thus:
M/S. Bangalore Club vs Commissioner Of Income Tax & Anr on 14 January, 2013
In Bangalore Club v. Commissioner of Income Tax &
Anr.2, this Court authoritatively quoted one of the earliest judicial
pronouncements in New York Life Insurance Co. v. Styles (Surveyor of Taxes)3
thus:
The English And Scottish Joint ... vs Commissioner Of Agricultural ... on 24 April, 1945
In order to undertake the examination of mutuality, we gainfully advert
to The English and Scottish Joint Co- operative Wholesale Society Ltd. v.
Commissioner of Agricultural Income-Tax, Assam5, which has been quoted
with approval by this Court in Commissioner of Income Tax, Bombay City v.
Royal Western India Turf Club Ltd. 6 and Bangalore Club (supra). The afore
stated stream of judicial pronouncements expound three conditions/tests to
prove the existence of mutuality:
Commissioner Of Income-Tax, Bier vs M/S. Bankipur Club Ltd on 8 May, 1997
The revenue had
preferred appeal which was dismissed by the Tribunal while relying the
judgment of Hon'ble Supreme Court of India in Bankipur Club Ltd. (Supra)
and Chelmsford Club (Supra) which have been rightly relied in the present
case also by the Ld. First Appellate Authority while holding that the payments
made to the Verein by Indian entities were in the nature of reimbursement and is
exempt from taxation having been covered by the principle of mutuality.