https://www.taxtmi.com/caselaws?id=395126 The Revenue's appeal against the deletion of the addition of a non-refundable security deposit as undisclosed receipts was upheld. The non-refundable security deposit of Rs. 5 crores was deemed contingent on the court's decision, leading to its exclusion as income for the relevant year. Following legal proceedings and a subsequent settlement agreement approved by the Delhi High Court, the matter was referred back to the Assessing Officer for implementation. The judgment underscored the significance of legal developments and court-approved settlements in determining the taxability of disputed amounts. en-us Mon, 13 Jan 2020 00:00:00 +0530 Wed, 06 May 2020 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395126 The Revenue's appeal against the deletion of the addition of a non-refundable security deposit as undisclosed receipts was upheld. The non-refundable security deposit of Rs. 5 crores was deemed contingent on the court's decision, leading to its exclusion as income for the relevant year. Following legal proceedings and a subsequent settlement agreement approved by the Delhi High Court, the matter was referred back to the Assessing Officer for implementation. The judgment underscored the significance of legal developments and court-approved settlements in determining the taxability of disputed amounts. Case-Laws Income Tax Mon, 13 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395126