VittSphere ONE Calculators Blog CA Prabhakar Kumar · FCA · ICAI 560762
Case lawSupreme Court › Yum! Restaurants (Marketing) Pvt Ltd v CIT
Supreme CourtHelps departments.4s.2(24)

Yum! Restaurants (Marketing) Pvt Ltd v CIT

We pool advertising contributions from our franchisees in a group company that runs at no profit. Is the surplus exempt on the principle of mutuality?

We pool advertising contributions from our franchisees in a group company that runs at no profit. Is the surplus exempt on the principle of mutuality?

No, not on these facts. The Supreme Court dismissed the appeal and held the company was not a mutual concern, so the excess of income over expenditure for assessment year 2001-02 was taxable. Contributions were taken from Pepsi Foods Ltd, which was not a franchisee and had no franchise agreement, so members and non-members were dealt with in the same activity. The parent company had a sole and absolute discretion whether to contribute at all, controlled the board, and could take royalty benefit from the pooled funds. The franchisees had no right to a refund of surplus. Each limb of mutuality failed.

Decided by the Supreme Court (Supreme Court of India, Civil Appellate Jurisdiction; A.M. Khanwilkar and Dinesh Maheshwari, JJ (judgment by A.M. Khanwilkar, J)) on 2020-04-24, reported as AIRONLINE 2020 SC 557. It bears on section 4, section 2(24) of the Income Tax Act 1961, in Capital Gains Exemptions and How Tax Law Is Read matters.

Still good law. A Supreme Court judgment of 24 April 2020, marked reportable, applying the earlier Supreme Court decisions in Bankipur Club, Bangalore Club and Royal Western India Turf Club. No citator check for later authority was possible; only the judgment text was before me.

Why it matters

This is the Supreme Court's fullest modern statement on when a group advertising or marketing pool can claim mutuality, and it is the case the Department now cites against every such structure. It puts three things beyond argument. First, taking money from even one outsider in the same activity taints the whole operation with commerciality, and a remote or indirect commercial benefit to that outsider does not make it a member. Second, mutuality is judged on the actual working structure, not the form or the approval under which the entity was set up - a company set up on terms of mutuality which then contracts out of them cannot rely on the approval. Third, and the point most often missed, there is a difference between a member not being obliged to contribute and a member holding an overriding discretion over contribution and management: the second destroys mutuality. It also confirms that mutuality is an exemption and is construed strictly, the burden being on the claimant.

Binding on every court and authority in India.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

Read aloud by your device. Press again to stop.

Related

Other authorities on the same sections.