https://www.taxtmi.com/caselaws?id=439642 The Tribunal held that the interest-free security deposits were refundable and used for maintenance purposes, not taxable as income. The Tribunal emphasized the consistency principle, noting prior assessments and agreements supporting refundability. It found the deposits were shown as liabilities and correctly treated as non-taxable. The AO's view that the deposits were non-refundable was rejected. The appeals were allowed, and the addition to taxable income was deleted. en-us Mon, 26 Jun 2023 00:00:00 +0530 Thu, 29 Jun 2023 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439642 The Tribunal held that the interest-free security deposits were refundable and used for maintenance purposes, not taxable as income. The Tribunal emphasized the consistency principle, noting prior assessments and agreements supporting refundability. It found the deposits were shown as liabilities and correctly treated as non-taxable. The AO's view that the deposits were non-refundable was rejected. The appeals were allowed, and the addition to taxable income was deleted. Case-Laws Income Tax Mon, 26 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439642