https://www.taxtmi.com/caselaws?id=346123 The Tribunal allowed the appeal in favor of the co-operative housing society, directing the Assessing Officer to grant exemption on the transfer fee based on a previous favorable ruling. The Tribunal emphasized the validity of the principle of mutuality, overturning the CIT(A)'s decision that disregarded precedent. The High Court stressed the importance of judicial discipline in following established rulings unless justified by specific exceptions, setting aside the CIT(A)'s decision and remanding the case for fresh consideration. en-us Wed, 26 Apr 2017 00:00:00 +0530 Thu, 10 Aug 2017 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346123 The Tribunal allowed the appeal in favor of the co-operative housing society, directing the Assessing Officer to grant exemption on the transfer fee based on a previous favorable ruling. The Tribunal emphasized the validity of the principle of mutuality, overturning the CIT(A)'s decision that disregarded precedent. The High Court stressed the importance of judicial discipline in following established rulings unless justified by specific exceptions, setting aside the CIT(A)'s decision and remanding the case for fresh consideration. Case-Laws Income Tax Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346123