https://www.taxtmi.com/caselaws?id=14262 The court held that interest on non-refundable deposits constitutes trading receipts for the assessee-Karkhana. The excess price charged by the Karkhana was deemed allowable as it was based on commercial expediency. Expenses on shubhechha greetings were considered revenue expenditure for maintaining relationships. The Department succeeded on the issue of interest on deposits, while the assessee prevailed on the excess price and greetings expenses. The appeal was partly allowed with no costs awarded. en-us Mon, 18 Jun 2001 00:00:00 +0530 Tue, 14 Jul 2009 17:51:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14262 The court held that interest on non-refundable deposits constitutes trading receipts for the assessee-Karkhana. The excess price charged by the Karkhana was deemed allowable as it was based on commercial expediency. Expenses on shubhechha greetings were considered revenue expenditure for maintaining relationships. The Department succeeded on the issue of interest on deposits, while the assessee prevailed on the excess price and greetings expenses. The appeal was partly allowed with no costs awarded. Case-Laws Income Tax Mon, 18 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14262