The assessee\u00a0 is a recreational club. It received\u00a0\u00a0 certain sum as rent from Reliance Industries Limited, a corporate member of club, for occupation of a portion of club premises.\u00a0 Assessing Officer held that sum received by assessee on account of rent was taxable under head\u00a0 as Income from house property. The Assessee\u00a0 contened that the principle of mutuality is applicable hence not taxable. The order of the Assessing Officer was affirned by the CIT(A) and Tribunal. On appeal the Court held that no analysis was made of facts, which would go to show whether principle of mutuality was being maintained in subject transaction between club and Reliance and in those orders only conclusions were made with regard to status and transaction between parties. Accordingly\u00a0 the matter was remanded back to Tribunal for fresh decision by taking into account all disclosures of facts made before adjudicating authorities.\u00a0 (AY. 2008-09 to 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 22 : Income from house property-Principle of mutuality-Matter remanded to the Tribunal for fresh decision. [S. 254(1), 260A] <\/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":[21],"tags":[],"class_list":["post-38482","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a0G","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38482","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=38482"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38482\/revisions"}],"predecessor-version":[{"id":38483,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38482\/revisions\/38483"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}