https://www.taxtmi.com/caselaws?id=272360 The Tribunal partly allowed the Revenue's appeal in a case concerning a cooperative housing society. The deletion of an addition for voluntary contributions towards a special repair fund was upheld, as it fell under the principle of mutuality. However, the allowance of carry forward and set off of unabsorbed depreciation and business loss was denied, as the society was deemed not engaged in business activities. en-us Wed, 23 Sep 2015 00:00:00 +0530 Sat, 05 Mar 2016 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272360 The Tribunal partly allowed the Revenue's appeal in a case concerning a cooperative housing society. The deletion of an addition for voluntary contributions towards a special repair fund was upheld, as it fell under the principle of mutuality. However, the allowance of carry forward and set off of unabsorbed depreciation and business loss was denied, as the society was deemed not engaged in business activities. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272360