Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1972 (10) TMI 4 - SC - Income Tax
sales tax collected by an auctioneer from buyers and not paid to the buyers or Govt. nor refunded to the owners of goods - Whether, the sum of ₹ 32,986 had been validly excluded from the assessee s business income for the relevant assessment year - We, therefore, agree with the High Court in so far as it has answered the question referred to it in the negative and against the appellant