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2001 (11) TMI 1026
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..... - The Tribunal has excluded the amount of deposits received by the assessee during the assessment year 1987-88 as deposits towards sales tax even when there was a liability for payment of such tax under the law, and all that the assessee had done was to merely challenge the statutory provision and there was no order of the Court which enabled the assessee to refrain from paying the tax. The depo....
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....s sold by the assessee, in a company in which the members of his family were interested. On that aspect, the Tribunal has found that there was no dispute that transactions were genuine. It is also found that there was no material to indicate that the assessee had received anything more than the stipulated sale consideration. The Tribunal has proceeded further to hold, and rightly, that though intr....