Delhi HC Upholds Addition since Security Deposit Received in absence of Contractual Clauses to Exercise Control, used as a Camouflage to Postpone Tax Liability [Read Judgment]

The Delhi High Court in the case of Commissioner of Income Tax v. M/s. Ansal Properties and Industries has upheld an addition made by the Revenue by finding that a security deposit where there was no term in the agreement which entitled the assessee to exercise any manner of control over the performance of this […]

The post Delhi HC Upholds Addition since Security Deposit Received in absence of Contractual Clauses to Exercise Control, used as a Camouflage to Postpone Tax Liability [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.

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