1996 (9) TMI 1 - SC - Income Tax

Money received by the assessee in the course of business. Although it was treated as deposit & was of capital nature at the point of time it was received, by efflux of time the money has become the assessee's own money - no explanation why the surplus money was taken to its profit and loss account even if it was somebody else's money- Tribunal is not right in deleting the addition representing unclaimed sundry credit balances written back to the profit and loss account by the assessee