https://www.taxtmi.com/caselaws?id=192998 The tribunal partly allowed the appeals of the assessee, deleting the enhancement made by the CIT(A) and upholding the assessment of interest and rental income by the Assessing Officer. The tribunal directed the Assessing Officer to recompute the rental income for the assessment year 2007-08 in a manner consistent with other assessment years. The reassessment proceedings were deemed legal, and the taxability of gross receipts and corpus fund contributions was clarified under the doctrine of mutuality. The decision was pronounced on 23.09.2016. en-us Fri, 23 Sep 2016 00:00:00 +0530 Fri, 07 Jul 2017 14:23:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192998 The tribunal partly allowed the appeals of the assessee, deleting the enhancement made by the CIT(A) and upholding the assessment of interest and rental income by the Assessing Officer. The tribunal directed the Assessing Officer to recompute the rental income for the assessment year 2007-08 in a manner consistent with other assessment years. The reassessment proceedings were deemed legal, and the taxability of gross receipts and corpus fund contributions was clarified under the doctrine of mutuality. The decision was pronounced on 23.09.2016. Case-Laws Income Tax Fri, 23 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192998