18/07/2023, 3 years ago
Calcutta High Court Affirms Nontaxable Income for Clubs with Donations and Participants
Factual Background In the case of Saturday Club Ltd. v. CIT For the assessment year 2008–09, Reliance Industries Ltd. paid the appellant–assessee, Saturday Club Ltd., Rs. 78,49,798/– rent for the use of a section of the club premises. In a number of situations where the aforementioned income was investigated for possible taxation under the heading […]