M/S.MADRAS GYMKHANA CLUB THE ISLAND vs DY.COMMNR.OF I.T.,CHENNAI — C.A. No. 5758/2023

Case under Section XII-B. Status: Disposed.

Disposed

CNR: SCIN010141432011

Filing Date

29-Apr-2011

Registration No

C.A. No. 5758/2023

Diary Number

14143/2011

Order Date

17-Aug-2023

Document Type

ROP - of Main Case

Disposal Type

Leave Granted & Dismissed

Last updated 05-Jul-2026

Acts & Sections

Section XII-B

Petitioner(s)

  1. 1.M/S.MADRAS GYMKHANA CLUB THE ISLAND

    Adv. RADHA RANGASWAMY

Respondent(s)

  1. 1.DY.COMMNR.OF I.T.,CHENNAI

    Adv. ANIL KATIYAR

Case History

  1. Case disposedDisposed

  2. 17-Aug-2023

    Fixed Date by Court

    Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Ujjal Bhuyan

  3. 13-Jul-2023

    Fixed Date by Court

    Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Prashant Kumar Mishra

  4. 12-Jul-2023

    Fixed Date by Court

    Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Prashant Kumar Mishra

  5. 11-Jul-2023

    Fixed Date by Court

    Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Prashant Kumar Mishra

  6. 25-Apr-2023

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mr. Justice C.T. Ravikumar

  7. 11-Apr-2023

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mr. Justice C.T. Ravikumar

  8. 21-Mar-2023

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mr. Justice C.T. Ravikumar

  9. 22-Nov-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mr. Justice M.M. Sundresh

  10. 18-Oct-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mr. Justice M.M. Sundresh

  11. 24-Aug-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  12. 10-Aug-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  13. 03-Aug-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  14. 20-Jul-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  15. 19-Jul-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  16. 11-May-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  17. 27-Apr-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  18. 06-Apr-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  19. 23-Mar-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  20. 09-Mar-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  21. 23-Feb-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  22. 14-Feb-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  23. 17-Jan-2022

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mr. Justice Sanjiv Khanna

  24. 10-Dec-2021

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  25. 06-Dec-2021

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  26. 29-Nov-2021

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  27. 22-Nov-2021

    Fixed Date by Court

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  28. 13-Nov-2021

    Administrative Order

    Hon'ble Mr. Justice M.R. Shah and Hon'ble Mrs. Justice B.V. Nagarathna

  29. 20-Mar-2018

    Fixed Date by Court

    Hon'ble Mr. Justice A.K. Sikri and Hon'ble Mr. Justice Ashok Bhushan

  30. 20-Mar-2018

    Fixed Date by Court

    Hon'ble Mr. Justice A.K. Sikri and Hon'ble Mr. Justice Ashok Bhushan

  31. 13-Mar-2018

    First hearing

    Initial hearing scheduled

  32. 02-Aug-2013

    ROPView PDF

  33. 03-May-2013

    ROPView PDF

  34. 12-Mar-2013

    ROPView PDF

  35. 24-Jan-2013

    ROPView PDF

  36. 27-Nov-2012

    ROPView PDF

  37. 01-Oct-2012

    ROPView PDF

  38. 21-Aug-2012

    ROPView PDF

  39. 13-Jul-2012

    ROP - of Main CaseView PDF

  40. 09-Jul-2012

    ROPView PDF

  41. 20-Apr-2012

    ROPView PDF

  42. 16-Mar-2012

    ROPView PDF

  43. 16-Mar-2012

    ROPView PDF

  44. 31-Jan-2012

    ROPView PDF

  45. 16-Jan-2012

    ROP - of Main CaseView PDF

  46. 09-Dec-2011

    ROPView PDF

  47. 27-Sep-2011

    ROPView PDF

  48. 15-Sep-2011

    ROPView PDF

  49. 18-Jul-2011

    ROPView PDF

  50. 11-Jul-2011

    ROPView PDF

  51. 09-May-2011

    ROPView PDF

  52. 09-May-2011

    ROPView PDF

  53. 03-May-2011

    ROPView PDF

  54. 29-Apr-2011

    Case filed

    Registration No. C.A. No. 5758/2023

  55. 30-Mar-2011

    ROPView PDF

  56. 23-Feb-2011

    ROPView PDF

  57. 24-Jan-2011

    ROPView PDF

  58. 14-Jan-2011

    ROPView PDF

  59. 14-Dec-2010

    ROPView PDF

  60. 15-Nov-2010

    ROPView PDF

  61. 25-Oct-2010

    ROPView PDF

  62. 22-Sep-2010

    ROPView PDF

  63. 05-Aug-2010

    ROPView PDF

  64. 10-May-2010

    ROPView PDF

  65. 04-May-2010

    ROPView PDF

  66. 07-Apr-2010

    ROPView PDF

  67. 12-Mar-2010

    ROPView PDF

  68. 08-Mar-2010

    ROPView PDF

  69. 19-Feb-2010

    ROPView PDF

  70. 04-Feb-2010

    ROPView PDF

  71. 05-Jan-2010

    ROPView PDF

  72. 11-Dec-2009

    ROPView PDF

  73. [ 2023 INSC 736 ]

    Judgement - of Main CaseView PDF

Common Record of Proceedings — heard with connected matters

Lead case: C.A. No. 5195 - 5201/2012

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casestatus.in Summary

SUMMARY: Madras Gymkhana Club v. Deputy Commissioner of Income Tax (2023) Case Details: - Citation: 2023 INSC 736 | Civil Appeal No. 005758/2023 - Parties: Madras Gymkhana Club & Others (Appellants) v. Dy. Commissioner of Income Tax, Chennai (Respondent) - Date: August 17, 2023 Core Issue: Whether interest earned on fixed deposits made by social clubs in banks is exempt from income tax under the doctrine of mutuality. Court's Holding: The Supreme Court dismissed all appeals, affirming that interest income on fixed deposits is taxable and the principle of mutuality does NOT apply, regardless of whether depositing banks are club members. Key Reasoning: The Court applied a three-pronged test for mutuality: 1. Complete identity between contributors and participators 2. Actions furthering the club's mandate for member benefit 3. No profiteering from members' own contributions The Court found all three conditions breached because when clubs deposit surplus funds in banks as fixed deposits, those funds are exposed to commercial banking operations where banks lend to third parties outside the mutual circle, rupturing the "privity of mutuality." This case analysis is maintained by casestatus.in based on publicly available court records.

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