Request a call from us Request a firm profile We are startup friendly
  • Call Us : +91-9823053026
  • Email Us : info@dahotreanddahotre.com

The Principle of mutuality in case of transactions between Members and Co-operative Societies

Jun 15

The Principle of mutuality in case of transactions between Members and Co-operative Societies

This Tax Alert summarizes a recent ruling of the Supreme Court (SC), in a batch of cases with the lead case being that of Venkatesh Premises Cooperative Society Ltd. (Taxpayer or Society), wherein the issue before the SC was whether the receipt of transfer charges, non-occupancy charges and premium received, for allotment of occupancy rights in additional construction of the Society’s property, from the members of the Society can be regarded as not taxable on the principle of mutuality.