TMI Blog2004 (10) TMI 56X X X X Extracts X X X X X X X X Extracts X X X X ..... ld that the deposits in question were deposits and not an income of the respondent-assessee. It was in the nature of security deposit which has been fully explained and, therefore, it should not have been added. From the findings recorded by the Tribunal, we are of the considered opinion that the provision of section 68 of the Act was not applicable in the present case. - - - - - Dated:- 1-10-200 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... On being asked to explain the nature and source of these deposits, the respondent-assessee was unable to furnish the addresses of depositors. However, he submitted that patients used to come for treatment at his place and were required to make a deposit. Part of the deposit was adjusted towards the fees and expenses and the remaining part was treated as deposit till such time as it was refunded t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ppearing for the respondent-assessee. From a perusal of the order of the Tribunal, we find that the Tribunal has held that the deposits in question were deposits and not an income of the respondent-assessee. It was in the nature of security deposit which has been fully explained and, therefore, it should not have been added. From the findings recorded by the Tribunal, we are of the considered ..... X X X X Extracts X X X X X X X X Extracts X X X X
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