S. 54 Constructed house of members cannot be deemed to be of society

One has all along come across any number of instances in which the FM and its coterie, in their wisdom , rather lack of it, mindlessly and with a vengeance,  have been tinkering with the law (e.g income-tax and service tax) introducing the highly objectionable deeming concept. Now, in this reported case  it is the assessee, in turn, who has chosen to follow the same route / the footsteps of, as that of its rulers.
The case is too mind- boggling and brain- stressing to offend offhand anyone’s normal understanding of the concept of ‘mutuality’. Proves so difficult for anyone having some tax knowledge and experience to understand much less appreciate the very issues raised and tackled. 
Primarily, the advanced claim based on the so-called concept of ‘mutuality’ is prima facie an attempt in a cavalier fashion at twisting and tweaking violently the very concept itself; and goes against the grain of it as understood in legal parlance and accepted thus far. It is an outright meaningless exercise conceived of, and only fit to be ridiculed as a misadventure akin to a proverbial shot in the dark.
The earlier any such tomfoolery is effectively discouraged and curbed the better. Thereby save the Revenue from frittering away taxpayers’ monies in having been obliged to defending any such cases, where assesses try to raise and pursue points, which truly are ‘non-issues’ in every sense of the term.
Here is an unique opportunity for experts to , in a dispassionate manner, openly air their sincere views.