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![Interest on FDs Received by a Society from a Non-Member is Taxable, Principle of Mutuality does not apply: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest on FDs Received by a Society from a Non-Member is Taxable, Principle of Mutuality does not apply: ITAT Hyderabad [Read Order]")
Interest on FDs Received by a Society from a Non-Member is Taxable, Principle of Mutuality does not apply: ITAT Hyderabad [Read Order]
In The Gujarati Social Welfare Society v. ITO, the ITAT, Hyderabad held that the interest on Fixed Deposits received by a society from Bank is Taxable...