https://www.taxtmi.com/caselaws?id=61342 The Appellate Tribunal upheld the decision to reopen the assessment under section 147(b) for the assessment year 1978-79 due to new information on discrimination in charges by the Club. The Tribunal ruled that the Club's income was not exempt based on the doctrine of mutuality for the assessment years 1978-79, 1980-81, and 1981-82, as there was no provision for asset distribution in case of dissolution. Additionally, the claim for depreciation on specific items was denied as there was no legal basis provided. Consequently, all three appeals were dismissed, affirming the lower authorities' decisions. en-us Mon, 31 Mar 1986 00:00:00 +0530 Wed, 12 Jan 2011 12:44:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61342 The Appellate Tribunal upheld the decision to reopen the assessment under section 147(b) for the assessment year 1978-79 due to new information on discrimination in charges by the Club. The Tribunal ruled that the Club's income was not exempt based on the doctrine of mutuality for the assessment years 1978-79, 1980-81, and 1981-82, as there was no provision for asset distribution in case of dissolution. Additionally, the claim for depreciation on specific items was denied as there was no legal basis provided. Consequently, all three appeals were dismissed, affirming the lower authorities' decisions. Case-Laws Income Tax Mon, 31 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61342