https://www.taxtmi.com/caselaws?id=289948 The ITAT allowed both appeals filed by the assessee, ruling in favor of the assessee on all tax-related issues. The ITAT confirmed that contributions received from members were exempt under the Principle of Mutuality and directed the Assessing Officer to allow the claim. Additionally, deductions under section 80P(2)(d) were deemed allowable for income from investments with other cooperative societies. Contributions received from Transfer of Development Rights (TDR) use and non-occupancy charges were also held exempt based on the Principle of Mutuality. The ITAT instructed the Assessing Officer to comply with these decisions and allow the claims. en-us Wed, 24 Aug 2016 00:00:00 +0530 Mon, 05 Oct 2020 07:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289948 The ITAT allowed both appeals filed by the assessee, ruling in favor of the assessee on all tax-related issues. The ITAT confirmed that contributions received from members were exempt under the Principle of Mutuality and directed the Assessing Officer to allow the claim. Additionally, deductions under section 80P(2)(d) were deemed allowable for income from investments with other cooperative societies. Contributions received from Transfer of Development Rights (TDR) use and non-occupancy charges were also held exempt based on the Principle of Mutuality. The ITAT instructed the Assessing Officer to comply with these decisions and allow the claims. Case-Laws Income Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289948