https://www.taxtmi.com/caselaws?id=15543 Deposits received from customers against returnable bottles were not income because the containers were supplied for reuse and the deposits served only to secure their return. No intention to transfer property in the bottles was shown, so the transaction was not a sale and sections 20 to 23 of the Sale of Goods Act did not apply. The deposits were therefore not taxable as the assessee's income. en-us Thu, 20 Aug 1998 00:00:00 +0530 Tue, 25 Aug 2009 18:20:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15543 Deposits received from customers against returnable bottles were not income because the containers were supplied for reuse and the deposits served only to secure their return. No intention to transfer property in the bottles was shown, so the transaction was not a sale and sections 20 to 23 of the Sale of Goods Act did not apply. The deposits were therefore not taxable as the assessee's income. Case-Laws Income Tax Thu, 20 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15543