https://www.taxtmi.com/caselaws?id=29572 The Tribunal held that the sum of Rs. 18,224 received by the assessee as a security deposit related to a ship breakdown was not taxable income for the assessment year 1962-63. The Tribunal emphasized the need for proper adjustment of any refunds in subsequent years as per the law. Judges Mukherjee and Guha concurred on the decision, directing each party to bear its own costs. en-us Wed, 30 Jul 1980 00:00:00 +0530 Sat, 13 Mar 2010 17:40:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29572 The Tribunal held that the sum of Rs. 18,224 received by the assessee as a security deposit related to a ship breakdown was not taxable income for the assessment year 1962-63. The Tribunal emphasized the need for proper adjustment of any refunds in subsequent years as per the law. Judges Mukherjee and Guha concurred on the decision, directing each party to bear its own costs. Case-Laws Income Tax Wed, 30 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29572