Assessment of shop deposits as income for tax year 1986-87

The High Court directed the Tribunal to determine if shop deposits received by the assessee should be considered as income for assessment year 1986-87, referencing a similar issue from a prior year.

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The High Court of Delhi directed the Income-tax Appellate Tribunal to refer a question regarding the treatment of shop deposits as income for assessment year 1986-87. The Tribunal was asked to state whether the sum of Rs. 55,45,658 received by the assessee-company as shop deposits should be considered as income. The court's decision was based on a similar issue from the previous assessment year.

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