2000 (5) TMI 17 - HC - Income Tax

Summary

The High Court of Delhi directed the Income-tax Appellate Tribunal to refer a question regarding the treatment of shop deposits as income for assessment year 1986-87. The Tribunal was asked to state whether the sum of Rs. 55,45,658 received by the assessee-company as shop deposits should be considered as income. The court's decision was based on a similar issue from the previous assessment year.