{"id":104,"date":"2018-04-27T07:40:07","date_gmt":"2018-04-27T07:40:07","guid":{"rendered":"http:\/\/45.32.107.85\/?p=104"},"modified":"2018-05-20T15:14:45","modified_gmt":"2018-05-20T15:14:45","slug":"ito-v-venkatesh-premises-co-operative-society-ltd-2018-402-itr-670-163-dtr-465-301-ctr-514-sc-editorial-from-the-judgement-of-bombay-high-court-in-ito-v-venkatesh-premises-co-operative-s","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-venkatesh-premises-co-operative-society-ltd-2018-402-itr-670-163-dtr-465-301-ctr-514-sc-editorial-from-the-judgement-of-bombay-high-court-in-ito-v-venkatesh-premises-co-operative-s\/","title":{"rendered":"ITO v. Venkatesh Premises Co -operative Society Ltd ( 2018) 402 ITR 670\/ 163 DTR 465\/301 CTR 514\/ 254 Taxman 313  ( SC)  Editorial: From the judgement of Bombay High Court in ITO v. Venkatesh Premises Co -operative Society Ltd  (ITA No 680 of 2009 dt 11-1-2010) Mittal Court Premises Co -operative Society Ltd v. ITO ( 2010) 320 ITR 414 ( Bom) (HC) , and CIT v. Shree Parleshwar Co -op- Housing Society Ltd ( 2017) 10 ITR-OL 202 ( Bom) (HC) is affirmed"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ; Receipts by Co -operative society form its members ie. Non-occupancy charges , transfer charges common amenity fund charges and other charges are exempt from income -tax Act based on the principle of mutuality . The notification dated 9 , 2001 issued under section 79A of the Maharashtra Co -operative Societies Act, 1960 is applicable only to co -operative housing societies and has no application to premises society which consist of non -residential premises .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax \u2013 Mutuality- Receipts by Co -operative society form its members ie. Non-occupancy charges , transfer charges common amenity fund charges  and other charges , are exempt from income -tax Act  based on the principle of mutuality [S. 2(24),  Maharashtra Co -operative Societies Act , 1960 , S. 79A ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-104","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1G","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=104"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/104\/revisions"}],"predecessor-version":[{"id":950,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/104\/revisions\/950"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}