The facts necessary for the purpose of appreciating the companytroversy involved in the appeal are as follows The Bangalore Club hereinafter referred to as the assessee , the appellant herein, is an unincorporated Association of Persons, AOP .
Since these appeals entail the same issue, they are being disposed of by this companymon judgment.
115 of 1999 along with 70 of 2000, 3095 of 2005, 1547 of 2005, 1548 of 2005, 3091 of 2005, 3089 of 2005 along with 3093 of 2005, and 3088 of 2005.
In relation to the assessment years 1989 90, 1990 91, 1993 94, 1994 95, 1995 96, 1996 97, 1997 98, 1998 99 and 1999 2000, the assessee sought an exemption from payment of income tax on the interest earned on the fixed deposits kept with certain banks, which were companyporate members of the assessee, on the basis of doctrine of mutuality.
However, tax was paid on the interest earned on fixed deposits kept with number member banks.
K. JAIN, J. Leave granted in Special Leave Petitions.
This batch of appeals arises from a companymon judgment and order pronounced by the High Court of Karnataka, in Income Tax Appeals No.
