https://www.taxtmi.com/caselaws?id=66363 The Tribunal allowed all appeals of the assessee, determining that interest received on fixed deposits is not taxable under the principle of mutuality, and receipts from members of affiliated clubs are similarly non-taxable. The Tribunal did not further examine the issues of reopening assessments and the status of AOP, as the primary taxability issue was resolved in favor of the assessee. en-us Wed, 13 Aug 2003 00:00:00 +0530 Wed, 10 Jul 2024 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66363 The Tribunal allowed all appeals of the assessee, determining that interest received on fixed deposits is not taxable under the principle of mutuality, and receipts from members of affiliated clubs are similarly non-taxable. The Tribunal did not further examine the issues of reopening assessments and the status of AOP, as the primary taxability issue was resolved in favor of the assessee. Case-Laws Income Tax Wed, 13 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66363