https://www.taxtmi.com/caselaws?id=28291 The Court affirmed the Tribunal's decision that unclaimed security deposits retained their character as deposits and could not be taxed as trading receipts. The Court ruled in favor of the assessee, stating that the deposits were not trading receipts at the time of receipt and did not transform into trading receipts subsequently. The Court held that the amount in question could not be taxed as chargeable receipts from trade, with costs awarded to the assessee. en-us Tue, 14 Jul 1981 00:00:00 +0530 Sat, 20 Feb 2010 12:06:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28291 The Court affirmed the Tribunal's decision that unclaimed security deposits retained their character as deposits and could not be taxed as trading receipts. The Court ruled in favor of the assessee, stating that the deposits were not trading receipts at the time of receipt and did not transform into trading receipts subsequently. The Court held that the amount in question could not be taxed as chargeable receipts from trade, with costs awarded to the assessee. Case-Laws Income Tax Tue, 14 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28291