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1997 (8) TMI 37 - PUNJAB AND HARYANA HIGH COURT
Extract:
.......object and purpose for which it was received, which is relevant. The deposits or advances received by the assessee became trading receipts when the assessee became entitled to appropriate the same to its income at the time of rendering the service. The question is answered in the affirmative, i.e., against the Revenue and in favour of the assessee.