https://www.taxtmi.com/caselaws?id=329337 The Court dismissed all six appeals challenging the order under Section 260-A of the Income Tax Act, 1961, upholding that the transfer fees received from outgoing members were not taxable based on the principle of mutuality. The Court relied on the precedent set in Commissioner of Income Tax Vs. Darbhanga Mansion Co-operative Housing Society Ltd., emphasizing that the contributions to the Common Amenity Fund were covered by the principle of mutuality. The Court found no substantial question of law and did not award any costs in the case. en-us Wed, 15 Jun 2016 00:00:00 +0530 Tue, 28 Jun 2016 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329337 The Court dismissed all six appeals challenging the order under Section 260-A of the Income Tax Act, 1961, upholding that the transfer fees received from outgoing members were not taxable based on the principle of mutuality. The Court relied on the precedent set in Commissioner of Income Tax Vs. Darbhanga Mansion Co-operative Housing Society Ltd., emphasizing that the contributions to the Common Amenity Fund were covered by the principle of mutuality. The Court found no substantial question of law and did not award any costs in the case. Case-Laws Income Tax Wed, 15 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329337