https://www.taxtmi.com/caselaws?id=300756 The Tribunal ruled in favor of the assessee for the assessment year 2005-06, holding that guest fees, income from rooms, and lawn booking charges are exempt under the principle of mutuality. For the assessment year 2007-08, the Tribunal upheld the exemption, dismissing the Revenue's appeal. The cross objections by the assessee for 2007-08 were also upheld. Therefore, the appeals for 2005-06 were decided in favor of the assessee, and for 2007-08 against the Revenue, with the cross objections dismissed. en-us Fri, 10 Dec 2010 00:00:00 +0530 Wed, 23 Feb 2022 11:08:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300756 The Tribunal ruled in favor of the assessee for the assessment year 2005-06, holding that guest fees, income from rooms, and lawn booking charges are exempt under the principle of mutuality. For the assessment year 2007-08, the Tribunal upheld the exemption, dismissing the Revenue's appeal. The cross objections by the assessee for 2007-08 were also upheld. Therefore, the appeals for 2005-06 were decided in favor of the assessee, and for 2007-08 against the Revenue, with the cross objections dismissed. Case-Laws Income Tax Fri, 10 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300756