https://www.taxtmi.com/caselaws?id=418777 The Tribunal upheld the CIT(A)'s decision to delete additions totaling Rs. 2,09,81,941/- and Rs. 2,10,73,529/- for AY 2014-15 and 2015-16, respectively, related to receipts from temporary members and outsiders, citing the principle of mutuality. Additionally, the Tribunal affirmed the deletion of disallowed expenses amounting to Rs. 7,46,000/- and Rs. 7,89,314/- for the same assessment years under section 57(iii). The Tribunal dismissed both the Revenue's appeals and the assessee's Cross Objections, relying on consistent precedents in the assessee's favor from previous years. en-us Mon, 21 Feb 2022 00:00:00 +0530 Thu, 24 Feb 2022 07:13:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418777 The Tribunal upheld the CIT(A)'s decision to delete additions totaling Rs. 2,09,81,941/- and Rs. 2,10,73,529/- for AY 2014-15 and 2015-16, respectively, related to receipts from temporary members and outsiders, citing the principle of mutuality. Additionally, the Tribunal affirmed the deletion of disallowed expenses amounting to Rs. 7,46,000/- and Rs. 7,89,314/- for the same assessment years under section 57(iii). The Tribunal dismissed both the Revenue's appeals and the assessee's Cross Objections, relying on consistent precedents in the assessee's favor from previous years. Case-Laws Income Tax Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418777