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![Principle of Mutuality applies to Club run by a Company: Gujarat HC deletes Addition of Life Membership and Entrance Fees [Read Order] Principle of Mutuality applies to Club run by a Company: Gujarat HC deletes Addition of Life Membership and Entrance Fees [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Karnavati-Club.jpg)
Principle of Mutuality applies to Club run by a Company: Gujarat HC deletes Addition of Life Membership and Entrance Fees [Read Order]
In CIT v. Karavati Club Ltd, the division bench of the Gujarat High Court, while deleting the addition in respect of life membership and entrance fees...