{"id":44905,"date":"2024-08-08T12:25:12","date_gmt":"2024-08-08T06:55:12","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-indian-machine-tools-manufacturers-association-2023-107-itr-20-sn-mumtrib\/"},"modified":"2024-08-08T12:25:12","modified_gmt":"2024-08-08T06:55:12","slug":"dy-cit-v-indian-machine-tools-manufacturers-association-2023-107-itr-20-sn-mumtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-indian-machine-tools-manufacturers-association-2023-107-itr-20-sn-mumtrib\/","title":{"rendered":"Dy. CIT v. Indian Machine Tools Manufacturers\u2019 Association (2023) 107 ITR 20 (SN) (Mum)(Trib)"},"content":{"rendered":"<p>Held that principle of mutuality applies in respect of income earned from members in respect of holding seminars, exhibitions, and other activities not taxable. Matter remanded to Assessing Officer to examine allocation of income and expenditure amongst members and non-members and grant relief to assessee to extent of income earned from members on principle of mutuality. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax-Principle of mutuality-Association formed to promote machine tool industry-Holding exhibitions for both members and non-members-Matter is remanded. [S.11] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-44905","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bGh","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=44905"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44905\/revisions"}],"predecessor-version":[{"id":44906,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44905\/revisions\/44906"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}