https://www.taxtmi.com/caselaws?id=205079 The court upheld the decisions of the Commissioner of Income-tax (Appeals) and the Income-tax Appellate Tribunal, dismissing the Revenue's appeal. It affirmed that the treatment of Rs. 90 lakhs as income under "Security deposit" was valid, as the deposits were genuine and varied based on business needs. The deduction claims for "bottle breakage" and repairs of wooden crates were also upheld, with the court finding no reason to interfere with the appellate authorities' decisions. The court ruled in favor of the assessee on all three issues, stating that the Revenue failed to substantiate its claims and that the matters were questions of fact, not law. en-us Wed, 06 Oct 2010 00:00:00 +0530 Tue, 18 Dec 2012 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205079 The court upheld the decisions of the Commissioner of Income-tax (Appeals) and the Income-tax Appellate Tribunal, dismissing the Revenue's appeal. It affirmed that the treatment of Rs. 90 lakhs as income under "Security deposit" was valid, as the deposits were genuine and varied based on business needs. The deduction claims for "bottle breakage" and repairs of wooden crates were also upheld, with the court finding no reason to interfere with the appellate authorities' decisions. The court ruled in favor of the assessee on all three issues, stating that the Revenue failed to substantiate its claims and that the matters were questions of fact, not law. Case-Laws Income Tax Wed, 06 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205079