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2014 (4) TMI 1227 - ITAT COCHINAccrual of income - Taxability of freezer deposits received by these assessee from their customers - The only objection of the DR is that the appeal was filed against the order of the Tribunal and the same is pending before the High Court. But on a query from the Bench, DR submitted that he does not have knowledge of any stay granted by the Hon’ble High Court on the operation of the earlier order of the Tribunal. Held that:- Since the CIT(A) has followed the order of the Tribunal, we are of the considered opinion that mere pending of the appeal before the High Court against the order of the Tribunal cannot be a reason to take a different view. Therefore this Tribunal is of the considered opinion that the deposits collected by the assessee for freezer cannot be considered as income of the assessee.
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