https://www.taxtmi.com/caselaws?id=217589 The Court dismissed the appeal, ruling that the Transferable Development Rights (TDR) premium received by a Co-operative Housing Society from its members for additional construction was not taxable. The Court upheld the principle of mutuality, stating that the premium was a consideration for allowing extra Floor Space Index (FSI) and was payable only by members utilizing the additional FSI. Previous judgments supporting the Society were cited, and it was clarified that reassessment proceedings could not be used to challenge the taxability of voluntarily offered amounts. en-us Wed, 21 Mar 2012 00:00:00 +0530 Fri, 25 Jan 2013 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217589 The Court dismissed the appeal, ruling that the Transferable Development Rights (TDR) premium received by a Co-operative Housing Society from its members for additional construction was not taxable. The Court upheld the principle of mutuality, stating that the premium was a consideration for allowing extra Floor Space Index (FSI) and was payable only by members utilizing the additional FSI. Previous judgments supporting the Society were cited, and it was clarified that reassessment proceedings could not be used to challenge the taxability of voluntarily offered amounts. Case-Laws Income Tax Wed, 21 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217589