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1989 (5) TMI 154 - ITAT MADRAS-CExtract: .......g company. On the other hand, the essence of mutuality lies in the return of what one has contributed to common fund. The mere fact that only those shareholders who have transitions with the Nidhi during the year were entitled to the dividend make the Nidhi a mutual concern. The order of the CIT(A) is upheld. The departmental appeals are dismissed.
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