https://www.taxtmi.com/caselaws?id=176868 Receipts collected by a co-operative housing society from its members, including non-occupancy charges, transfer fee and voluntary contributions, were treated as exempt under the principle of mutuality. The governing tests were satisfied because the collections were made in the course of ordinary member activity, used for common member purposes, confined to identifiable contributors and participants, and subject to member rights over surplus under the bye-laws and co-operative law. Earlier jurisdictional rulings on co-operative housing societies were followed, and the contrary revenue view was distinguished. On that basis, the additions made by the Assessing Officer were held unsustainable. en-us Fri, 27 Aug 2010 00:00:00 +0530 Wed, 30 Dec 2015 14:21:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176868 Receipts collected by a co-operative housing society from its members, including non-occupancy charges, transfer fee and voluntary contributions, were treated as exempt under the principle of mutuality. The governing tests were satisfied because the collections were made in the course of ordinary member activity, used for common member purposes, confined to identifiable contributors and participants, and subject to member rights over surplus under the bye-laws and co-operative law. Earlier jurisdictional rulings on co-operative housing societies were followed, and the contrary revenue view was distinguished. On that basis, the additions made by the Assessing Officer were held unsustainable. Case-Laws Income Tax Fri, 27 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176868