Case Law Details
Case Name : CIT Vs Darbhanga Mansion CHS Ltd (Bombay High Court)
Related Assessment Year :
Courts :
All High Courts Bombay High Court
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Issue- Whether on the facts and circumstances of the case and in law, the ITAT was justified in upholding the CIT(A)’s order and rejecting the departmental appeal in accepting the Assessee’s plea that the contribution of Rs.39,68,000/- paid towards ‘heavy repair fund’ is covered by the principle of mutuality and is not chargeable to tax.
Facts of the case- Assessee is a Co-operative Housing Society. It received a sum of Rs.39,68,000/- on account of transfer of flat and garage and credited it to ‘general amenities fund’ as well as ‘repair fund’. T...
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Dear Sir,
I am a member in a Co-op society in Vashi. My Pvt ltd. company used to own an office premises. Now we changed the status from Pvt Ltd company to LLP, the society refuses to transfer the office in new name. There is no change in anything, except pvt ltd company changed to LLP – Partnership firm.
I look forward to your reply about my rights and society’s by-laws interpretation in the case.
Thanks