https://www.taxtmi.com/caselaws?id=66048 The Tribunal allowed the appeal filed by APSFC, holding that the amount of Rs. 89,60,696 collected as credit guarantee commission did not form part of its income for the assessment year 1985-86. The Tribunal emphasized the fiduciary capacity in which APSFC held the collected amount and distinguished the case from the Supreme Court decision in Chowringhee Sales Bureau (P.) Ltd.'s case. Consequently, the amount was deleted from the computed income of APSFC. en-us Tue, 20 Mar 1990 00:00:00 +0530 Mon, 21 Feb 2011 10:55:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66048 The Tribunal allowed the appeal filed by APSFC, holding that the amount of Rs. 89,60,696 collected as credit guarantee commission did not form part of its income for the assessment year 1985-86. The Tribunal emphasized the fiduciary capacity in which APSFC held the collected amount and distinguished the case from the Supreme Court decision in Chowringhee Sales Bureau (P.) Ltd.'s case. Consequently, the amount was deleted from the computed income of APSFC. Case-Laws Income Tax Tue, 20 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66048