TMI BlogAmount received towards the development fund - Taxing land premium on transfer in excess - the principle...Amount received towards the development fund - Taxing land premium on transfer in excess - the principle of mutuality was applicable to the assessee which had as its predominant activity, the maintenance of the property of the society which included its buildings) and as long as there was no taint of commerciality, trade or business, the receipt of transfer fees was not liable to tax - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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