https://www.taxtmi.com/caselaws?id=275513 The Tribunal upheld the decision that deposits received by the assessees for freezers were not taxable income. The Tribunal considered the necessity of the deposits for business operations and the attached liability, concluding that until the agreement was terminated, the deposits could not be considered as income. The Tribunal relied on legal precedents and a previous order in favor of the assessee. Despite objections raised by the Ld. DR regarding a pending appeal in the High Court, as no stay was granted, the Tribunal dismissed all Revenue appeals, affirming that the freezer deposits were not taxable income. en-us Fri, 25 Apr 2014 00:00:00 +0530 Sat, 06 Oct 2018 09:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275513 The Tribunal upheld the decision that deposits received by the assessees for freezers were not taxable income. The Tribunal considered the necessity of the deposits for business operations and the attached liability, concluding that until the agreement was terminated, the deposits could not be considered as income. The Tribunal relied on legal precedents and a previous order in favor of the assessee. Despite objections raised by the Ld. DR regarding a pending appeal in the High Court, as no stay was granted, the Tribunal dismissed all Revenue appeals, affirming that the freezer deposits were not taxable income. Case-Laws Income Tax Fri, 25 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275513