Commissioner Of Income Tax vs Royal Western India Turf Club Ltd.

Authority: Supreme Court Date: 1953-10-26 Section: 28(i), 28(iii) Acts: Indian Income Tax Act, 1922 Result: Revenue Citation: (1953) 24 ITR 551 (SC) Justices: Patanjali Sastri, C.J.; S.R. Das, Vivian Bose, JJ Appeal No: Civil Appeal No. 165 of 1951
Whether receipts from members for admission tickets, private boxes, and other amenities constitute business income under Section 10(1) of the Indian Income Tax Act, 1922 --- Held Yes; Whether such receipts are exempt as mutual association transactions under Section 10(6) --- Held No

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