https://www.taxtmi.com/caselaws?id=179152 The Tribunal partly allowed the appeal, emphasizing the application of the concept of mutuality in determining the taxability of receipts. It held that the amount towards the common amenities fund was not taxable but directed the AO to verify if the share premium and entrance fee were intended for common amenities before making a decision. The Tribunal noted a previous decision in favor of the assessee and disagreed with the AO's treatment of the amounts received as taxable income. en-us Fri, 27 Sep 2013 00:00:00 +0530 Sat, 05 Nov 2016 21:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179152 The Tribunal partly allowed the appeal, emphasizing the application of the concept of mutuality in determining the taxability of receipts. It held that the amount towards the common amenities fund was not taxable but directed the AO to verify if the share premium and entrance fee were intended for common amenities before making a decision. The Tribunal noted a previous decision in favor of the assessee and disagreed with the AO's treatment of the amounts received as taxable income. Case-Laws Income Tax Fri, 27 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179152