https://www.taxtmi.com/caselaws?id=126730 The Tribunal allowed the appeal in part, ruling that security deposits were not taxable trading receipts. The assessee was granted 100% depreciation on gas cylinders, and depreciation on fixed assets was to be based on the actual cost paid per the takeover agreement. The disallowance of traveling expenses was not challenged. The decision was supported by an examination of contractual terms, case law, and statutory provisions. en-us Thu, 23 Apr 1987 00:00:00 +0530 Thu, 13 Dec 2012 12:28:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126730 The Tribunal allowed the appeal in part, ruling that security deposits were not taxable trading receipts. The assessee was granted 100% depreciation on gas cylinders, and depreciation on fixed assets was to be based on the actual cost paid per the takeover agreement. The disallowance of traveling expenses was not challenged. The decision was supported by an examination of contractual terms, case law, and statutory provisions. Case-Laws Income Tax Thu, 23 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126730