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Case Law Details

Case Name : Wodehouse Gymkhana Ltd. Vs Income Tax Office (ITAT Mumbai)
Appeal Number : ITA No. 5795/Mum/2017
Date of Judgement/Order : 30/01/2019
Related Assessment Year : 2014-15
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Wodehouse Gymkhana Ltd. Vs ITO (ITAT Mumbai)

The assessee claimed that it has earned the exempt income under the principle of mutuality. The assessee claimed its source of income on the basis of principle of mutuality and dividend / mutual fund dividend etc. and income not relati

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One Comment

  1. I Satish Kumar says:

    The judgements does not discus the provisions of section 14A(3) which says that the section has to be applied even when the taxpayer claims that no expense has been incurred to earn exempt income. Is there any decision on this point?

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