https://www.taxtmi.com/caselaws?id=5532 The SC held that money initially received as deposits of capital nature became the assessee's own money through efflux of time. The assessee failed to explain why surplus money was credited to profit and loss account if it belonged to others. The Tribunal erred in deleting the addition of unclaimed sundry credit balances that were written back to profit and loss account. The SC ruled that such unclaimed balances, when appropriated by the assessee, constitute taxable income and cannot be deleted from assessment. en-us Wed, 11 Sep 1996 00:00:00 +0530 Thu, 19 Jun 2025 18:03:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5532 The SC held that money initially received as deposits of capital nature became the assessee's own money through efflux of time. The assessee failed to explain why surplus money was credited to profit and loss account if it belonged to others. The Tribunal erred in deleting the addition of unclaimed sundry credit balances that were written back to profit and loss account. The SC ruled that such unclaimed balances, when appropriated by the assessee, constitute taxable income and cannot be deleted from assessment. Case-Laws Income Tax Wed, 11 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5532