An association may engage in activities which can be described as mutual and in other activities which are not mutual

HIGH COURT OF BOMBAY CIT Vs. Common Effluent Treatment Plant (Thane Belapur) Association APPEAL NO: ITA No. 2060 of 2009, DECIDED ON June 17, 2010 JUDGMENT (Per Dr.D.Y. Chandrachud, J.) 1. Leave to amend the questions of law is granted. Amendment to be carried out during the course of the day, in terms of the draft amendment tendered on record. Verification is dispensed with. 2. This is an appeal by the Revenue under Section 260A of the Income Tax Act, 1961 against a decision of the Income Tax Appellate Tribunal (Tribunal) for assessment year 20012002. During the course of the...