https://www.taxtmi.com/caselaws?id=175433 The Tribunal dismissed the Revenue's appeal and allowed the assessee's cross-objection, affirming that the income earned by the co-operative housing society is exempt under the principle of mutuality. The CIT(A) allowed additional expenses and directed that the surplus be taxed as income from other sources. The deletion of the addition of transfer fee was upheld, emphasizing that the income earned by the society from its members is exempt under the principle of mutuality. en-us Fri, 05 Mar 2010 00:00:00 +0530 Sat, 21 Nov 2015 10:10:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175433 The Tribunal dismissed the Revenue's appeal and allowed the assessee's cross-objection, affirming that the income earned by the co-operative housing society is exempt under the principle of mutuality. The CIT(A) allowed additional expenses and directed that the surplus be taxed as income from other sources. The deletion of the addition of transfer fee was upheld, emphasizing that the income earned by the society from its members is exempt under the principle of mutuality. Case-Laws Income Tax Fri, 05 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175433