https://www.taxtmi.com/highlights?id=57272 Addition of security deposit - since the security deposit continues as a liability in the books of the assessee club, the assessing officer could not have added the same to the income of the assessee club. The tribunal has correctly, in our opinion, deleted the addition. - HC en-us Mon, 22 Mar 2021 13:40:05 +0530 Mon, 22 Mar 2021 13:40:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57272 Addition of security deposit - since the security deposit continues as a liability in the books of the assessee club, the assessing officer could not have added the same to the income of the assessee club. The tribunal has correctly, in our opinion, deleted the addition. - HC Highlights Income Tax Mon, 22 Mar 2021 13:40:05 +0530 https://www.taxtmi.com/highlights?id=57272