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15. The assessee has referred the decision of Hon'ble High Court of Bombay in the case of the assessee vide Writ Petition No. 851 of 2014. The relevant extract of the finding of Hon'ble High Court is reproduced as under:

"1. Petitioner is a co-operative society and has been assessed to tax since A.Y.-1977-1978. Petitioner declared the income under the heads of income from house property and income from other sources. Petitioner is a sole trustee and representative assessee of Jolly Maker 1 Trust, which owns NarimanBhavan premises and the income is clubbed by virtue of Section 60 of the Income Tax Act 1961 (the Act) in the return of trust (which is an oral trust) and tax paid. Hence, the returns filed by petitioner are also as trustees in capacity of representative assessee and is assessed, is accepted and finalised by the Income Tax Department.