2009 (8) TMI 1265

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..... antial questions of law sought to be raised in the appeal. 1) Whether on the facts and in the circumstances of the case and in law transfer charges received from the transferees is not covered by the principle ofmutuality and is chargeable to tax ? 2) Whether on the facts and in the circumstances of the case and in law transfer charges received from the transferors in excess of alleged limit .....

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..... Counsel appearing on behalf of appellant fairly states that so far as first three questions are concerned, they are covered by the judgment of this Court in ITXA No.931 of 2004 Sind Coop. Housing Society Vs. Income Tax Officer decided on 17th July, 2009. In this view of the matter, the first question is answered in favour of the assessee and against the Revenue and question Nos.2 and 3 are answere .....

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