https://www.taxtmi.com/caselaws?id=179403 The Tribunal ruled in favor of the appellant, holding that voluntary contributions towards common amenities are exempt under the principle of mutuality. Citing precedents and emphasizing the absence of commerciality in the cooperative housing society's activities, the Tribunal deleted the addition made by the Assessing Officer. The decision aligned with previous rulings and principles of mutuality, resulting in the allowance of the appeal and the deletion of the Rs. 29,00,000 addition. en-us Fri, 21 Sep 2012 00:00:00 +0530 Mon, 29 Feb 2016 13:08:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179403 The Tribunal ruled in favor of the appellant, holding that voluntary contributions towards common amenities are exempt under the principle of mutuality. Citing precedents and emphasizing the absence of commerciality in the cooperative housing society's activities, the Tribunal deleted the addition made by the Assessing Officer. The decision aligned with previous rulings and principles of mutuality, resulting in the allowance of the appeal and the deletion of the Rs. 29,00,000 addition. Case-Laws Income Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179403