COUNTRY CLUB Vs. DIRECTOR OF INCOME TAX
HIGH COURT OF DELHI
DIRECTOR OF INCOME TAX
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MADAN B.LOKUR, J. -
(1.) After hearing learned counsel for the parties we admit this appeal and
frame the following substantial question of law:-
"Whether on the facts and in the circumstances of the case, the Income Tax
Appellate Tribunal erred in law in holding that the amount received by way of
interest from banks on temporary deposit of the funds is not exempted from tax
on the "principle of mutuality" ""
(2.) Since a short question of law is involved, filing of paper books is
(3.) The Assessee is aggrieved by an order dated 7th March, 2002 passed by
the Income Tax Appellate Tribunal, Delhi Bench 'A' in ITA Nos.7486
and7487/Del/1995 relevant for the assessment years 1991-92 and 1992-93.;
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