2009 (8) TMI 1265

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....bsp;Mulla & Mulla Respondent: Mr.P.S.Sahadevan ORDER 1. Heard learned Counsel for the parties. Following substantial questions of law sought to be raised in the appeal. 1) Whether on the facts and in the circumstances of the case and in law transfer charges received from the transferees is not covered by the principle ofmutuality and is chargeable to tax ? ....

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....d in the circumstances of the case and in law receipts on account of sale of scrap are not covered by the principle of mutuality and are chargeable to tax ? 2. Learned Counsel appearing on behalf of appellant fairly states that so far as first three questions are concerned, they are covered by the judgment of this Court in ITXA No.931 of 2004 Sind Coop. Housing Society Vs. Income Tax Officer de....