https://www.taxtmi.com/caselaws?id=328537 The Appellate Tribunal upheld the Commissioner's decision to treat sinking fund deposits as revenue receipts, denying the claim for deduction under section 80-IA of the Act for the assessment years 2010-11 and 2011-12. The Tribunal found that the sinking fund collections were not part of the sale consideration received by the assessee but were more akin to charging fees for maintenance services, falling within trading activities. The appeals of the assessee were dismissed. en-us Wed, 13 Apr 2016 00:00:00 +0530 Tue, 07 Jun 2016 11:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328537 The Appellate Tribunal upheld the Commissioner's decision to treat sinking fund deposits as revenue receipts, denying the claim for deduction under section 80-IA of the Act for the assessment years 2010-11 and 2011-12. The Tribunal found that the sinking fund collections were not part of the sale consideration received by the assessee but were more akin to charging fees for maintenance services, falling within trading activities. The appeals of the assessee were dismissed. Case-Laws Income Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328537