https://www.taxtmi.com/caselaws?id=193614 Transfer fee and TDR premium received by a co-operative housing society from its members were treated as mutual receipts and not taxable under the principle of mutuality. The Tribunal noted that the assessee was a plot society, so the Maharashtra notification dated 9 August 2001 did not apply on the facts. As the receipts came from members and no factual distinction was shown to deny mutuality, the member-derived amounts retained their mutual character and were not liable to tax. The additions were therefore deleted and relief was confirmed in favour of the assessee. en-us Wed, 22 Feb 2012 00:00:00 +0530 Wed, 09 Aug 2017 13:04:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193614 Transfer fee and TDR premium received by a co-operative housing society from its members were treated as mutual receipts and not taxable under the principle of mutuality. The Tribunal noted that the assessee was a plot society, so the Maharashtra notification dated 9 August 2001 did not apply on the facts. As the receipts came from members and no factual distinction was shown to deny mutuality, the member-derived amounts retained their mutual character and were not liable to tax. The additions were therefore deleted and relief was confirmed in favour of the assessee. Case-Laws Income Tax Wed, 22 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193614