2009 (11) TMI 586

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....3, 2008 in I. T. A. Nos. 42-46/Mds/2008 for the assessment year 1999-2000 2001-02, 2002-03, 2003-04 and 2004-05, is put in issue in this appeal by formulating the following substantial question of law :   "Whether the Income-tax Appellate Tribunal was right in law in holding that the principle of mutuality and `no man can trade with himself', is not applicable to the interest income from f....

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....d its return of income on March 1, 2002, declaring a loss of Rs. 51,09,692. The appellant's case was reopened under section 147 of the Act to assess the interest income earned from fixed deposits with the banks, and a notice under section 148 of the Act was issued on March 20, 2006. The appellant filed its return in response to the said notice on September 28, 2006. The Assessing Officer vide his ....

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....filed by the assessee. The correctness of the same is canvassed by the assessee by filing this appeal by formulating the question of law referred to above.   3. The very same common order of the Tribunal, which is the subject-matter of the present appeal has been considered by this court in respect of other assessment years in Tax Case Nos. 928, 1067 to 1069 of 2009, wherein this court dis....