https://www.taxtmi.com/caselaws?id=239089 The Tribunal upheld the CIT (A)'s decision to delete the addition of Rs. 1.5 Crs as business income for the assessment year 2008-2009. The Tribunal found that the amount received from Success Developers Pvt. Ltd. was a refundable security deposit as per the agreement terms, not business income. Additionally, the Tribunal dismissed the Revenue's argument on the acceptance of additional evidence, stating that the evidence was already on record and did not contravene the rules. en-us Wed, 04 Sep 2013 00:00:00 +0530 Wed, 06 Nov 2013 07:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239089 The Tribunal upheld the CIT (A)'s decision to delete the addition of Rs. 1.5 Crs as business income for the assessment year 2008-2009. The Tribunal found that the amount received from Success Developers Pvt. Ltd. was a refundable security deposit as per the agreement terms, not business income. Additionally, the Tribunal dismissed the Revenue's argument on the acceptance of additional evidence, stating that the evidence was already on record and did not contravene the rules. Case-Laws Income Tax Wed, 04 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239089