https://www.taxtmi.com/caselaws?id=298257 The Tribunal partly allowed the Revenue's appeal, reversing the CIT (A)'s decision on the deletion of FD interest under the principle of mutuality. The Tribunal held that since the bank was not a member of the club, the interest received did not fall within the scope of mutuality. The judgment was pronounced on 30th September 2015 by Shri D. Karunakara Rao, Accountant Member. en-us Wed, 30 Sep 2015 00:00:00 +0530 Fri, 22 Oct 2021 21:25:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298257 The Tribunal partly allowed the Revenue's appeal, reversing the CIT (A)'s decision on the deletion of FD interest under the principle of mutuality. The Tribunal held that since the bank was not a member of the club, the interest received did not fall within the scope of mutuality. The judgment was pronounced on 30th September 2015 by Shri D. Karunakara Rao, Accountant Member. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298257