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2010 (11) TMI 25 - HC - Income TaxPrinciple of mutuality - On appeal, the CIT(A) directed that 50% of the income should be treated to be exempt on the principle of mutuality. On appeal of the revenue, the Tribunal set aside the direction to treat 50% income to be exempt on the principle of mutuality on the ground that percentage had to be worked out on facts. Tthe matter was remanded to the Assessing Officer to pass a fresh order of assessment after considering the plea of mutuality raised by the assessee. - Held that: - assessment has been made by the Assessing Officer in pursuance of earlier order of the Tribunal. Thus, the said order having attained finality, there is no reason to interfere with the impugned order passed by the Tribunal
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