Doctrine of mutuality does not apply in case business activities of an assessee-firm is not restricted to partners only

DECIDED BY: HIGH COURT OF KARNATAKA, IN THE CASE OF: Prabhashankar Plaza Vs. ITO, APPEAL NO: ITA No. 2612/2005, DECIDED ON February 16, 2010

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In this appeal, the assessee has challenged the order dated 4.2.2005 passed in 1TA 222, 223, 1057 and 1058 / Bang/2002 passed by the Income Tax Appellate Tribunal, Bangalore Bench and has sought for the benefit of the doctrine of mutuality in the i

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