https://www.taxtmi.com/caselaws?id=425896 The Tribunal upheld the decision of the Ld. CIT(A) and dismissed the appeal by the assessee regarding the validity of the application under section 154 and the taxation based on the concept of "mutuality." The judgment emphasized that the CPC had assessed the income in line with the declarations made by the assessee, leading to the rejection of the appeal on both issues. en-us Mon, 01 Aug 2022 00:00:00 +0530 Wed, 03 Aug 2022 08:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425896 The Tribunal upheld the decision of the Ld. CIT(A) and dismissed the appeal by the assessee regarding the validity of the application under section 154 and the taxation based on the concept of "mutuality." The judgment emphasized that the CPC had assessed the income in line with the declarations made by the assessee, leading to the rejection of the appeal on both issues. Case-Laws Income Tax Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425896