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Principle of mutuality applicable when there is complete identity between the contributors and the participators
Case Law Details
- Case Name
- The Jai Hind Co-op Housing Society Ltd. Vs ITO (ITAT Mumbai 'A' Bench)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All ITAT, ITAT Mumbai
RELEVANT PARAGRAPH
7. We have the rival submissions and perused the records. During the year under consideration the assessee society had claimed as exempt a sum or Rs. 10.00 Lakhs received on account of damages for wrongful proceedings against the society taken up before the Deputy Registrar of Co-operative Housing Society. Mr. Manojkumar Goswami & Mrs. Shashi Goswami were allottees of plot Nos. 47 & 48 in the society.
The two lesses along with M/s. Oberoi Construction Ltd. tried to amalgamate the flat and redevelop the same. However, the same being outside the Rules of the society,...
