https://www.taxtmi.com/caselaws?id=325881 The Tribunal ruled in favor of the assessee regarding the treatment of the refundable security deposit, holding that such deposits should be excluded from taxable income. However, the disallowance under section 14A of the Income Tax Act was upheld against the assessee. Consequently, the assessee's appeal for AY 2011-12 and AY 2012-13 was partly allowed, while the Revenue's appeals for the same assessment years were dismissed. en-us Fri, 19 Feb 2016 00:00:00 +0530 Thu, 31 Mar 2016 10:41:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325881 The Tribunal ruled in favor of the assessee regarding the treatment of the refundable security deposit, holding that such deposits should be excluded from taxable income. However, the disallowance under section 14A of the Income Tax Act was upheld against the assessee. Consequently, the assessee's appeal for AY 2011-12 and AY 2012-13 was partly allowed, while the Revenue's appeals for the same assessment years were dismissed. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325881