https://www.taxtmi.com/caselaws?id=20925 The court held that the previous decision did not conclusively determine the assessability of laga receipts. It found that the test of mutuality was satisfied, indicating laga receipts were not taxable income. The court ruled in favor of the Revenue on the previous decision but in favor of the assessee on the mutuality test and assessability of laga receipts. Costs were not awarded. en-us Wed, 20 Jan 1993 00:00:00 +0530 Wed, 18 Nov 2009 11:15:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20925 The court held that the previous decision did not conclusively determine the assessability of laga receipts. It found that the test of mutuality was satisfied, indicating laga receipts were not taxable income. The court ruled in favor of the Revenue on the previous decision but in favor of the assessee on the mutuality test and assessability of laga receipts. Costs were not awarded. Case-Laws Income Tax Wed, 20 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20925