1986 (10) TMI 57

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....lowing question, said to be of law, arising out of the order of the Tribunal dt. 27th May, 1986 in I.T.A. No. 2000 (Alld)/1983: "1. Whether on the facts and in the circumstances of the case, the Tribunal was correct in law in holding that the income of the Club from letting out of the rooms was not assessable as income from house property; and is exempt on principles of mutuality? 2. Whether....

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....the compound which were let out by the club to its members on payment of rent. The assessee claimed exemption in respect of gross receipts from suits on grounds of mutuality. The assessee also did not return the income of interest on fixed deposits and N.S.C. and dividend claiming exemption. The ITO, however, assessed the entire receipts from letting out of suits under the head "property income" a....

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....vs. CIT 1983 UPTC 286 (the assessee) and the order of the Tribunal dt. 14th March, 1986 in I.T.A. No. 1369 (Alld.) of 1985. The Tribunal, therefore, upheld the order of the CIT (A). 5. We have heard the parties. The Departmental Representative contended before us that the Tribunal had passed the order placing reliance on the earlier decision of the Tribunal dt. 14th March, 1986 in I.T.A. No. 13....

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....ned above and the decision of the Tribunal. The Departmental Representative according to AIR for assessee failed to place relevant papers before us to show whether the S.L.P. was granted or not. On the absence of relevant papers, it would be academic to refer the matter to the Hon'ble High Court because the matter is already concluded. 6. We have considered the submissions of the parties and ha....