Supreme Court of India
Secundrabad Club Etc. v. C.i.t.-v Etc.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
3 Supreme Court benches have cited this judgment.
What the Court ordered
We hold that the said judgment which holds the fi eld would squarely apply to these appeals also.
Judgment, page 55
From the headnote
Issues for consideration: Whether the deposit of surplus funds by the assessee Clubs by way of bank deposits in various banks is liable to be taxed in the hands of the Clubs or, whether, the principle of mutuality would apply and the interest earned from the deposits would not be subject to tax under the provisions of the Income Tax Act, 1961; and whether the judgment of this Court in *Bangalore Club’s case would call for reconsideration in light of the order of this Court in **Cawnpore Club’s case. Income Tax Act, 1961 – s. 2(24) – Deposit of surplus funds by the Clubs by way of bank
Authorities it was built on
- 1990 Delhi Transport Corporation v. D.T.C. Mazdoor Congress
- 2007 Sanja Y Singh & Anr. v. U.P. Public Service Commission Allahabad and Anr.
- 1965 The Keshav Mills Co. Ltd. v. Commissioner of Income-tax, Bombay North
- 1991 State of U.P. and Anr. v. M/s. Synthetics and Chemicals Ltd. and Anr.
- 1997 Commissioner of Income Tax, Bihar v. Bankipur Club Ltd.
- 2008 M/s. Bakemans Industries Pvt. Ltd. v. M/s. New Cawnpore Flour Mills and Others
- 2018 Income Tax Officer, Mumbai v. Venkatesh Premises Cooperative Society Ltd.
Where later benches applied it
- 2025 Estate Officer, Haryana Urban Development Authority and Ors. v. Nirmala Devi
- 2025 The State of Tamil Nadu v. The Governor of Tamil Nadu & Anr.
- 2024 Property Owners Association & Ors. v. State of Maharashtra & Ors.
Of those, 3 referred to
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