https://www.taxtmi.com/caselaws?id=361128 The Revenue's appeal against the deletion of an addition of a trade deposit treated as a revenue receipt was dismissed. The CIT(A) found that the trade deposits were received as security and not as sales proceeds, leading to double taxation. The Tribunal upheld the CIT(A)'s decision, emphasizing the consistent accounting method followed by the assessee and rejecting the Revenue's arguments. The appeal was dismissed on 24/05/2018. en-us Thu, 24 May 2018 00:00:00 +0530 Tue, 29 May 2018 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361128 The Revenue's appeal against the deletion of an addition of a trade deposit treated as a revenue receipt was dismissed. The CIT(A) found that the trade deposits were received as security and not as sales proceeds, leading to double taxation. The Tribunal upheld the CIT(A)'s decision, emphasizing the consistent accounting method followed by the assessee and rejecting the Revenue's arguments. The appeal was dismissed on 24/05/2018. Case-Laws Income Tax Thu, 24 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361128