M/S. BANGALORE CLUB vs. COMMISSIONER OF INCOME TAX
SLP(C) No.-014470-014470 - 2006Supreme Court14 Jan 2013
Section 260A
12. On the facts of this case and in the light of
the legal principles it is clear to us that what has
been done by the club is nothing but what could
have been done by a customer of a Bank
. The
principle of ‘no man can trade with himself’ is
not available in respect of a nationalised bank
