Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2006 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2006 (2) TMI 80 - KERALA HIGH COURTAssessee, is a private club - rental income received by the assessee from non-members - The marriage hall was admittedly being rented out to non-members making them as temporary members only for the purpose of letting out the marriage hall and the amounts received from non-members are provided at the hands of the assessee. Principle of mutuality therefore in our view would not apply in such a facts situation. Under such circumstances we hold that the Tribunal was not justified in holding that the rental income received by the assessee from non-members was not taxable. We, therefore, answer the question in favour of the Revenue. The order passed by the Tribunal is accordingly set aside and the matter is remitted to the assessing authority for fresh consideration
|