2009 (10) TMI 677

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....06 are directed against the orders of the Commissioner of Income-tax (Appeals). Since an identical issue is involved in both these appeals, these are being disposed of with this consolidated order. Learned counsel for the assessee submitted that the grounds of appeal of the assessee centres around whether voluntary contribution received by the assessee-society from its members as transfer fees,....

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....mitted that this decision has been reported in Sind Co-operative Housing Society v. ITO [2009] 317 ITR 47 (Bom). The learned Departmental representative has opposed the submission of learned counsel for the assessee. He submitted that there is no evidence that the contribution by the new members was voluntary. He submitted that the amount received by the assessee was in fact "transfer fees" rec....