The Commissioner Of Income Tax - 16, Mumbai v. High Land Cooperative Housing Society Limited
High Court
12 Jul 2011 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax - 16, Mumbai v. High Land Cooperative Housing Society Limited
Date of order
12 Jul 2011
Assessment year(s)
—
Outcome
Dismissed
Case summary
In The Commissioner Of Income Tax - 16, Mumbai v. High Land Cooperative Housing Society Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: Both the appeals are accordingly dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO.2518 OF 2010
The Commissioner of Income Tax - 16, Mumbai..Appellant.VersusHigh Land Cooperative Housing Society Limited..Respondent.
INCOME TAX APPEAL (L) NO.122 OF 2011
The Commissioner of Income Tax - 16, Mumbai..Appellant.VersusM/s.Grand Paradi Coop. Housing Society Limited..Respondent.
Ms.P.S. Cardozo for the appellant.None for the respondent.
CORAM : J.P. Devadhar & A.A. Sayed, JJ.
P.C. :
DATE : 12[th] July, 2011.
1.The Income Tax Appellate Tribunal relying on the judgment of this Court in the case of Sind Cooperative Housing Society Limited V/s. Income Tax Officer reported in 317 ITR 47 held that the transfer fee received from the incoming members of the Housing Society is exempt under the principles of mutuality.
2.Since the decision of the Income Tax Appellate Tribunal is based on the decision of this Court, we see no reason to entertain these appeals. Both the appeals are accordingly dismissed with no order as to costs.
(A.A. Sayed, J.)
(J.P. Devadhar, J.)
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