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2012 (10) TMI 45 - RAJASTHAN HIGH COURTRevenue or capital receipt - Refund of the sales tax - amount was refunded to the assessee by the supplier on the ground that only sales tax was chargeable @ 2% and not @ 4% - Held that:- Though assessee received the amount towards payment of sales tax at 2% but assessee retained the said sum to themselves - this amount, will have to be treated as a revenue receipt (trading receipt) and accordingly will have to be taxed in their hands during the assessment year in question - in favour of the Revenue
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