https://www.taxtmi.com/caselaws?id=405949 The High Court upheld the decision to disallow the exemption claimed by the appellant association formed by unit owners of a commercial condominium for the assessment year 2015-16. The court ruled that the income earned from pay and park charges, rent, and interest on fixed deposits did not fall under the doctrine of mutuality as it was earned from non-members. The court relied on legal precedents, including the Bangalore Club case, to support its decision, ultimately dismissing the appellant's appeal. en-us Thu, 25 Feb 2021 00:00:00 +0530 Fri, 02 Apr 2021 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405949 The High Court upheld the decision to disallow the exemption claimed by the appellant association formed by unit owners of a commercial condominium for the assessment year 2015-16. The court ruled that the income earned from pay and park charges, rent, and interest on fixed deposits did not fall under the doctrine of mutuality as it was earned from non-members. The court relied on legal precedents, including the Bangalore Club case, to support its decision, ultimately dismissing the appellant's appeal. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405949