Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2015 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (2) TMI 769 - HC - Income TaxTransfer fees and non occupancy charges - whether covered by the principle of mutuality and is not chargeable to tax? - Held that:- Nothing has been brought on record to indicate that the respondent had received more amounts than allowed/permitted in the State Government Circular dated 9th August 2001. Further in the respondent-assessee's own case [2009 (7) TMI 1208 - BOMBAY HIGH COURT], this Court has decided the issue in it's favour and in the absence of any distinguishing feature, the Tribunal was obliged to follow the same accepting the assessee's plea that the contribution towards the transfer fees and non occupancy charges are covered by the principle of mutuality and is not chargeable to tax. This is precisely what the impugned order has done. - Decided in favour of assessee.
|