Transfer fee & non occupancy charges recd. from members not taxable

Advertisement Transfer fee and non occupancy charges received from the members are not taxable on the principle of mutuality HIGH COURT OF JUDICATURE AT BOMBAY INCOME TAX APPEAL NO.999 OF 2004 INCOME TAX APPEAL NO. 1028 OF 2004 INCOME TAX APPEAL NO. 1029 OF 2004 INCOME TAX APPEAL NO. 1030 OF 2004 Mittal Court Premises Co-operative Society Ltd. Vs. The Income-tax Officer  PRONOUNCED ON: 17th July, 2009. JUDGMENT: (Per Ferdino I. Rebello, J.) 1. In these appeals admit on the following questions: “(a) Whether, the Hon’ble Tribunal erred in holding that the contribution to Common A...