https://www.taxtmi.com/caselaws?id=32175 The High Court allowed the appellant's appeal, holding that the principle of mutuality applied to the interest on investments and dividend income, making them non-taxable. The decision in CIT v. I. T. I. Employees Death and Superannuation Relief Fund was distinguished as not applicable, and the reassessment was directed to be conducted in light of these findings. The Court set aside previous orders and instructed the Assessing Officer to reassess the income for the relevant years, considering the principle of mutuality. en-us Thu, 31 Jul 2008 00:00:00 +0530 Thu, 05 May 2016 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32175 The High Court allowed the appellant's appeal, holding that the principle of mutuality applied to the interest on investments and dividend income, making them non-taxable. The decision in CIT v. I. T. I. Employees Death and Superannuation Relief Fund was distinguished as not applicable, and the reassessment was directed to be conducted in light of these findings. The Court set aside previous orders and instructed the Assessing Officer to reassess the income for the relevant years, considering the principle of mutuality. Case-Laws Income Tax Thu, 31 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32175