https://www.taxtmi.com/caselaws?id=185396 The High Court directed the Madhya Pradesh Electricity Board (MPEB) to provide a bankable escrow agreement or refund the security deposit with interest to the assessee. However, the matter was unresolved, and the assessee ultimately accepted the forfeiture. The Tribunal ruled that no income accrued to the assessee due to the ongoing dispute and absence of a bankable escrow agreement. The appeals were allowed in favor of the assessee, with the Tribunal holding that no interest income accrued on the security deposit. en-us Fri, 24 Jun 2011 00:00:00 +0530 Thu, 11 Aug 2016 13:08:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185396 The High Court directed the Madhya Pradesh Electricity Board (MPEB) to provide a bankable escrow agreement or refund the security deposit with interest to the assessee. However, the matter was unresolved, and the assessee ultimately accepted the forfeiture. The Tribunal ruled that no income accrued to the assessee due to the ongoing dispute and absence of a bankable escrow agreement. The appeals were allowed in favor of the assessee, with the Tribunal holding that no interest income accrued on the security deposit. Case-Laws Income Tax Fri, 24 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185396