https://www.taxtmi.com/caselaws?id=20519 The High Court upheld the Tribunal's findings in the case. The assessee was determined to be the true owner of the steel cores, the expenditure for purchasing new steel cores was classified as capital expenditure, and the forfeited deposits for non-return of steel cores were treated as capital receipts. The decisions favored the Revenue, affirming the Tribunal's rulings. en-us Tue, 30 Apr 1991 00:00:00 +0530 Sat, 14 Nov 2009 13:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20519 The High Court upheld the Tribunal's findings in the case. The assessee was determined to be the true owner of the steel cores, the expenditure for purchasing new steel cores was classified as capital expenditure, and the forfeited deposits for non-return of steel cores were treated as capital receipts. The decisions favored the Revenue, affirming the Tribunal's rulings. Case-Laws Income Tax Tue, 30 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20519