https://www.taxtmi.com/caselaws?id=293305 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal and confirming that the principle of mutuality exempts the interest income from tax. The appeal was dismissed, affirming the application of the principle of mutuality to the interest income earned by the society, thus exempting it from taxation under the Income-tax Act, 1961. en-us Fri, 17 Feb 2012 00:00:00 +0530 Thu, 04 Feb 2021 10:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293305 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal and confirming that the principle of mutuality exempts the interest income from tax. The appeal was dismissed, affirming the application of the principle of mutuality to the interest income earned by the society, thus exempting it from taxation under the Income-tax Act, 1961. Case-Laws Income Tax Fri, 17 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293305