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2018 (5) TMI 1692 - AT - Income TaxAddition of trade receipts - nature of receipts - revenue receipts admissibility - business of automobile dealer and service centre - Held that:- Assessee's vehicles are kept with ARDs and SSPs for display, test drive, etc. trade deposits are received from them by the assessee by way of security deposits - when sales takes place through the ARDs and SSPs, assessee account for the sales proceeds in the books of accounts and refunds the corresponding deposits to the ARDs and SSPs - this method has been consistently followed over the years - assessee's own case [2016 (8) TMI 1354 - ITAT AHMEDABAD] to be followed. - Decided in favor of assessee.
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