{"id":61662,"date":"2026-07-04T10:08:43","date_gmt":"2026-07-04T04:38:43","guid":{"rendered":"https:\/\/itatonline.org\/digest\/insurance-brokers-association-of-india-v-ito-e-2025-235-ttj-22-175-taxmann-com-580-mum-trib\/"},"modified":"2026-07-04T10:08:43","modified_gmt":"2026-07-04T04:38:43","slug":"insurance-brokers-association-of-india-v-ito-e-2025-235-ttj-22-175-taxmann-com-580-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/insurance-brokers-association-of-india-v-ito-e-2025-235-ttj-22-175-taxmann-com-580-mum-trib\/","title":{"rendered":"Insurance Brokers Association of India v. ITO (E) (2025) 235 TTJ 22 \/ 175 taxmann.com 580 (Mum) Trib)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that it cannot be said that the assessee is exclusively engaged in the activities beneficial only to its members; therefore, the action of the AO in applying the principle of mutuality is not sustainable; income of the assessee does not include any revenue from any activity like trade, commerce or business and, therefore, AO is not correct in denying the benefit of s. 11 to the assessee by invoking the proviso to s. 2(15). (AY. \u00a02016-17 &amp; 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes-Principle of mutuality-Participation in the annual meet for which the sponsorship fees are received is free of cost-It cannot be held to be a service for a fee for rendering service-Proviso to section 2(15) is not applicable-AO is not correct in denying the benefit of exemption. [S. 2(15)]<\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-61662","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-g2y","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61662","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=61662"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61662\/revisions"}],"predecessor-version":[{"id":61663,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61662\/revisions\/61663"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=61662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=61662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=61662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}