Kerala High Court restores Doctrine of Mutuality

The Kerala High Court has restored the doctrine of mutuality in a specific case. The doctrine of mutuality is a principle that exempts certain associations or clubs from tax liability on income derived from transactions with their own members. The restoration of this doctrine by the High Court suggests that the specific entity in question qualifies as a mutual association, and its dealings with members will not be subject to taxation. This ruling has implications for similar organizations operating on the principle of mutuality within the state.