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2000 (6) TMI 800 - AT - Income TaxExtract: .......rs. On these facts, we are of the view that the principle of mutuality falls flat in the ground. 17. In view of the discussion in the foregoing paragraphs, we hold that the authorities below rightly treated the transfer fee of ₹ 3,00,000 received by the society as its revenue receipt chargeable to income-tax. We therefore dismiss this appeal.
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