2011 (5) TMI 746

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Full Text of the Document

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....hri R.K. Verma, DR, for the Respondent. [Order per : D.N. Panda, Member (J)]. - Ld. Counsel submits that security deposit is collected from the clients to ensure execution of the order placed by them with the appellant. Whosoever defaults to execute the contract, the security deposit made is forfeited. Such forfeited amount was disclosed by the appellant as miscellaneous income in its financ....