Appellant: Galleria Condominium Association, Gurgaon
Respondent: ITO, Ward-1(3), Gurgaon
Assessment Year: 2014-15
Case Filed On: 2021-09-06
Order Type: Final Tribunal Order
Date of Order: 2022-09-19
Case Conclusion: The Income Tax Appellate Tribunal, Delhi “SMC” Bench, in ITA No. 1054/Del/2021, for assessment year 2014-15, remanded the case back to the Assessing Officer for fresh assessment. The appellant’s appeal was allowed for statistical purposes, emphasizing the applicability of the principle of mutuality in taxation matters concerning interest income and house property.
Order Details:
Per Chandra Mohan Garg, Judicial Member: The appeal challenged the validity of the assessment order and the justification for disallowances made by the Assessing Officer. The Tribunal noted previous decisions and remanded the case for fresh assessment, considering the principles of mutuality applicable to the appellant, a Residents Welfare Association.
Order pronounced in open court on 19th September 2022.
ITA 1054/DEL/2021: Galleria Condominium Association vs ITO, Ward-1(3), Gurgaon
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