2012 (7) TMI 970

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....nda, CIT. ORDER PER N. BARATHVAJA SANKAR, VP: This is an appeal preferred by the assessee- M/s.Bangalore Club for the assessment year 2007-08 against the appellate order dated 16-9-2011 of the CIT(A)-I, Bangalore. 2. The assessee has taken the following grounds of appeal: 1. "The order of reassessment is bad in law and void ab initio for want of requisite jurisdiction especial....

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....the appellant club has to be taxed and the concept of principles of mutuality does not apply to the interest received on such deposits under the facts and circumstances of the case. 5. The authorities below are not justified in law in holding that the banks which the appellant has deposited its funds are not its corporate members and thus the concept of mutuality is not applicable on the ....

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....ances of the case." 3. At the time of hearing, learned counsel for the assessee placed on record paper compilation 37 pages comprising therein the following: 1. Written submissions of the assessee dt.17-7-2012. 2. Apex Court judgment dt.8-9-2006 in CP No.14470/2006. 3. Apex Court judgment dt.5-1-2007 in CP No.14470/2006. 4. Judgment of the Karnataka High Cour....

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.... counsel for the assessee submitted that the CIT(A) has dismissed the assessee's appeal following his own decision in the case of the same assessee for assessment year 2000-01. He drew our attention to the decision of the Tribunal for the assessment years 2000-01 and 2002-03 to 2006-07 in the case of the same assessee in ITA Nos.791 to 796/Bang/2010 order dt.6-9-2011 and submitted that identical i....