https://www.taxtmi.com/caselaws?id=181536 The Tribunal ruled in favor of the assessee, allowing the appeal with regards to the addition of nominee occupancy charges and interest income. Nominee occupancy charges were held to be exempt from taxation based on the principle of mutuality, following precedent from the Hon'ble Bombay High Court. Additionally, interest income from surplus funds in a Cooperative Housing Society was deemed not liable to tax, in line with previous decisions and judgments from other High Courts. The assessee's appeal was allowed with no order as to costs. en-us Fri, 18 Mar 2011 00:00:00 +0530 Tue, 19 Apr 2016 15:59:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181536 The Tribunal ruled in favor of the assessee, allowing the appeal with regards to the addition of nominee occupancy charges and interest income. Nominee occupancy charges were held to be exempt from taxation based on the principle of mutuality, following precedent from the Hon'ble Bombay High Court. Additionally, interest income from surplus funds in a Cooperative Housing Society was deemed not liable to tax, in line with previous decisions and judgments from other High Courts. The assessee's appeal was allowed with no order as to costs. Case-Laws Income Tax Fri, 18 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181536