An assessee cannot be treated as a co-operative society meant only for its members and providing credit facilities to its members if it has carved out a category called ‘nominal members’.
Medicines, consumables and implants used in the course of providing health care services to in-patients for diagnosis or treatment would be considered as “Composite Supply”
Whether underwriting commission of shares subscribed by the public it could be taxable as his income?
Whether the income earned by the assessee-company on letting out the sheds should be assessed as income from property or from business?
The assessee is incorporated as a Company limited by guarantee and is a non-profit service organization claimed the benefit of Section 11 of the Act .
