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2003 (12) TMI 14 - HC - Income TaxAddition with respect to optional service charges collected by the assessee - assessee is a private limited company carrying on business in television sets - whether the Appellate Tribunal was right in law in deleting the addition made by the Assessing Officer with respect to optional service charges collected by the assessee covering a period of two years - In the instant case the amount that was received was only as charges for the services to be rendered in future. The services may be rendered or may not be rendered depending upon withdrawal of the money as and when the customer required. So, it is highly uncertain as to whether it would at all remain as income of the assessee. Only when the service is done the assessee has a right over the amount that was deposited. Till then, he has no right over the same. It is in that sense till then, it cannot be considered as an income of the assessee and is not exigible to tax. Therefore the issue is answered in favour of the assessee and against the Revenue.
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