2017 (7) TMI 1397 - SCH - Income Tax

Doctrine of mutuality - certain receipts by cooperative societies from its members - Principle of mutuality in respect of transfer fees and TDR premium received by the Assessee from its members - receipts by cooperative societies, from its members i.e. non-occupancy charges, transfer charges, common amenity fund charges and certain other charges, are exempt from income tax - Contribution to the common amenity fund - HELD THAT - Delay condoned. Leave granted.

Summary

The Supreme Court of India in 2017 (7) TMI 1397 granted leave for the case, with delay condoned. The case is to be heard along with C.A. No. 3271/2012.