https://www.taxtmi.com/caselaws?id=171305 The Bombay High Court admitted the appeal and reframed the question of law around whether transfer fees received by a co-operative housing society from outgoing members, to the extent they exceed the amount stipulated by the Maharashtra Government notification, fall outside mutuality and become taxable in the society's hands. The operative issue is the tax treatment of excess transfer fees in light of the mutuality principle, with the court limiting the appeal to that legal question at the admission stage. en-us Thu, 14 Jun 2012 00:00:00 +0530 Thu, 16 Jul 2015 10:49:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171305 The Bombay High Court admitted the appeal and reframed the question of law around whether transfer fees received by a co-operative housing society from outgoing members, to the extent they exceed the amount stipulated by the Maharashtra Government notification, fall outside mutuality and become taxable in the society's hands. The operative issue is the tax treatment of excess transfer fees in light of the mutuality principle, with the court limiting the appeal to that legal question at the admission stage. Case-Laws Income Tax Thu, 14 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171305