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Mumbai ITAT Reiterates: Surplus from Members’ Contributions Not Taxable Under Doctrine of Mutuality
Case Law Details
- Case Name
- Nain Krupa Premises Co-operative Society Ltd. Vs AO Ward 22(1)(6) (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Mumbai
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Nain Krupa Premises Co-operative Society Ltd. Vs AO Ward 22(1)(6) (ITAT Mumbai)
Mumbai ITAT Reiterates: Surplus from Members’ Contributions Not Taxable Under Doctrine of Mutuality
The Mumbai ITAT held that the surplus arising from maintenance charges, property tax recoveries and other contributions collected by a co-operative housing society from its members cannot be taxed, as such receipts are governed by the doctrine of mutuality. The Tribunal also deleted the fee levied under Section 234F for alleged delay in filing the return.
The society had collected ₹21.66 lakh from its members tow...
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