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1972 (10) TMI 4 - SC - Income Tax


  1. 2019 (7) TMI 880 - SC
  2. 2015 (1) TMI 908 - SC
  3. 2007 (4) TMI 202 - SC
  4. 2000 (8) TMI 3 - SC
  5. 1999 (2) TMI 67 - SC
  6. 1998 (10) TMI 456 - SC
  7. 1997 (8) TMI 7 - SC
  8. 1997 (2) TMI 9 - SC
  9. 1993 (9) TMI 309 - SC
  10. 1993 (9) TMI 315 - SC
  11. 1993 (2) TMI 2 - SC
  12. 1988 (5) TMI 4 - SC
  13. 1980 (8) TMI 167 - SC
  14. 1974 (11) TMI 3 - SC
  15. 2020 (9) TMI 332 - HC
  16. 2020 (6) TMI 587 - HC
  17. 2019 (3) TMI 1126 - HC
  18. 2017 (7) TMI 501 - HC
  19. 2017 (4) TMI 1613 - HC
  20. 2016 (8) TMI 259 - HC
  21. 2016 (8) TMI 157 - HC
  22. 2016 (6) TMI 743 - HC
  23. 2015 (10) TMI 259 - HC
  24. 2015 (4) TMI 684 - HC
  25. 2015 (1) TMI 1158 - HC
  26. 2014 (12) TMI 267 - HC
  27. 2014 (12) TMI 353 - HC
  28. 2014 (3) TMI 1231 - HC
  29. 2014 (1) TMI 813 - HC
  30. 2013 (12) TMI 1592 - HC
  31. 2014 (3) TMI 468 - HC
  32. 2014 (2) TMI 993 - HC
  33. 2014 (1) TMI 808 - HC
  34. 2014 (3) TMI 934 - HC
  35. 2014 (3) TMI 29 - HC
  36. 2013 (7) TMI 662 - HC
  37. 2013 (10) TMI 284 - HC
  38. 2013 (4) TMI 286 - HC
  39. 2012 (11) TMI 889 - HC
  40. 2012 (6) TMI 412 - HC
  41. 2010 (9) TMI 381 - HC
  42. 2010 (9) TMI 92 - HC
  43. 2008 (9) TMI 918 - HC
  44. 2007 (10) TMI 253 - HC
  45. 2006 (12) TMI 125 - HC
  46. 2006 (10) TMI 142 - HC
  47. 2006 (9) TMI 142 - HC
  48. 2006 (1) TMI 98 - HC
  49. 2005 (2) TMI 850 - HC
  50. 2004 (12) TMI 27 - HC
  51. 2004 (11) TMI 88 - HC
  52. 2004 (10) TMI 33 - HC
  53. 2004 (9) TMI 691 - HC
  54. 2003 (11) TMI 57 - HC
  55. 2002 (10) TMI 790 - HC
  56. 2002 (10) TMI 78 - HC
  57. 2002 (5) TMI 9 - HC
  58. 2002 (4) TMI 40 - HC
  59. 2001 (3) TMI 993 - HC
  60. 2000 (12) TMI 882 - HC
  61. 2000 (5) TMI 22 - HC
  62. 1999 (4) TMI 23 - HC
  63. 1999 (3) TMI 35 - HC
  64. 1997 (7) TMI 57 - HC
  65. 1996 (8) TMI 35 - HC
  66. 1996 (4) TMI 455 - HC
  67. 1995 (12) TMI 17 - HC
  68. 1995 (4) TMI 256 - HC
  69. 1994 (2) TMI 47 - HC
  70. 1993 (10) TMI 64 - HC
  71. 1993 (6) TMI 249 - HC
  72. 1993 (4) TMI 49 - HC
  73. 1992 (9) TMI 330 - HC
  74. 1992 (9) TMI 83 - HC
  75. 1991 (4) TMI 55 - HC
  76. 1991 (3) TMI 79 - HC
  77. 1990 (3) TMI 58 - HC
  78. 1989 (11) TMI 33 - HC
  79. 1988 (11) TMI 38 - HC
  80. 1987 (3) TMI 79 - HC
  81. 1985 (11) TMI 43 - HC
  82. 1985 (10) TMI 64 - HC
  83. 1985 (3) TMI 52 - HC
  84. 1983 (4) TMI 29 - HC
  85. 1983 (4) TMI 6 - HC
  86. 1982 (7) TMI 22 - HC
  87. 1982 (5) TMI 23 - HC
  88. 1981 (2) TMI 58 - HC
  89. 1981 (1) TMI 42 - HC
  90. 1980 (3) TMI 42 - HC
  91. 1979 (11) TMI 78 - HC
  92. 1979 (11) TMI 8 - HC
  93. 1976 (6) TMI 4 - HC
  94. 1976 (2) TMI 17 - HC
  95. 1975 (12) TMI 59 - HC
  96. 1975 (2) TMI 10 - HC
  97. 1974 (6) TMI 5 - HC
  98. 1973 (9) TMI 41 - HC
  99. 1968 (6) TMI 1 - HC
  100. 2024 (7) TMI 652 - AT
  101. 2024 (6) TMI 811 - AT
  102. 2024 (3) TMI 724 - AT
  103. 2024 (2) TMI 636 - AT
  104. 2024 (9) TMI 13 - AT
  105. 2024 (6) TMI 353 - AT
  106. 2024 (1) TMI 652 - AT
  107. 2024 (1) TMI 1029 - AT
  108. 2023 (11) TMI 1106 - AT
  109. 2023 (11) TMI 1214 - AT
  110. 2023 (10) TMI 1373 - AT
  111. 2023 (6) TMI 345 - AT
  112. 2023 (4) TMI 1288 - AT
  113. 2023 (3) TMI 1423 - AT
  114. 2023 (3) TMI 766 - AT
  115. 2023 (1) TMI 1248 - AT
  116. 2022 (9) TMI 354 - AT
  117. 2022 (8) TMI 1219 - AT
  118. 2022 (8) TMI 1123 - AT
  119. 2022 (6) TMI 1379 - AT
  120. 2022 (6) TMI 415 - AT
  121. 2022 (6) TMI 833 - AT
  122. 2022 (4) TMI 1460 - AT
  123. 2022 (4) TMI 1015 - AT
  124. 2022 (2) TMI 1423 - AT
  125. 2021 (12) TMI 1360 - AT
  126. 2021 (11) TMI 1201 - AT
  127. 2021 (12) TMI 930 - AT
  128. 2021 (12) TMI 753 - AT
  129. 2021 (11) TMI 1179 - AT
  130. 2021 (11) TMI 927 - AT
  131. 2021 (11) TMI 1077 - AT
  132. 2021 (7) TMI 1356 - AT
  133. 2021 (6) TMI 508 - AT
  134. 2020 (5) TMI 576 - AT
  135. 2020 (2) TMI 80 - AT
  136. 2020 (1) TMI 1609 - AT
  137. 2019 (10) TMI 309 - AT
  138. 2019 (10) TMI 1199 - AT
  139. 2019 (6) TMI 924 - AT
  140. 2019 (4) TMI 2124 - AT
  141. 2019 (3) TMI 735 - AT
  142. 2019 (3) TMI 1608 - AT
  143. 2019 (3) TMI 278 - AT
  144. 2018 (12) TMI 1805 - AT
  145. 2018 (12) TMI 751 - AT
  146. 2018 (12) TMI 1828 - AT
  147. 2018 (11) TMI 1324 - AT
  148. 2018 (9) TMI 1241 - AT
  149. 2018 (8) TMI 1057 - AT
  150. 2018 (7) TMI 577 - AT
  151. 2018 (6) TMI 1177 - AT
  152. 2018 (5) TMI 1962 - AT
  153. 2018 (5) TMI 2139 - AT
  154. 2018 (5) TMI 2003 - AT
  155. 2018 (4) TMI 1363 - AT
  156. 2018 (4) TMI 1263 - AT
  157. 2019 (2) TMI 1619 - AT
  158. 2018 (1) TMI 1359 - AT
  159. 2018 (2) TMI 53 - AT
  160. 2018 (1) TMI 1703 - AT
  161. 2017 (12) TMI 1665 - AT
  162. 2017 (12) TMI 1548 - AT
  163. 2017 (11) TMI 1842 - AT
  164. 2017 (12) TMI 1047 - AT
  165. 2017 (11) TMI 905 - AT
  166. 2017 (9) TMI 1283 - AT
  167. 2017 (6) TMI 920 - AT
  168. 2017 (5) TMI 1414 - AT
  169. 2017 (3) TMI 195 - AT
  170. 2017 (1) TMI 1379 - AT
  171. 2017 (2) TMI 640 - AT
  172. 2016 (11) TMI 1389 - AT
  173. 2016 (12) TMI 452 - AT
  174. 2016 (8) TMI 1311 - AT
  175. 2016 (8) TMI 1456 - AT
  176. 2016 (7) TMI 563 - AT
  177. 2016 (6) TMI 1320 - AT
  178. 2016 (6) TMI 1438 - AT
  179. 2016 (7) TMI 58 - AT
  180. 2016 (7) TMI 947 - AT
  181. 2016 (6) TMI 130 - AT
  182. 2016 (3) TMI 146 - AT
  183. 2016 (2) TMI 676 - AT
  184. 2016 (3) TMI 360 - AT
  185. 2016 (3) TMI 39 - AT
  186. 2015 (12) TMI 1806 - AT
  187. 2015 (12) TMI 1326 - AT
  188. 2015 (12) TMI 1024 - AT
  189. 2015 (10) TMI 2022 - AT
  190. 2015 (10) TMI 1469 - AT
  191. 2015 (6) TMI 1195 - AT
  192. 2015 (4) TMI 669 - AT
  193. 2015 (8) TMI 924 - AT
  194. 2014 (12) TMI 680 - AT
  195. 2014 (8) TMI 762 - AT
  196. 2014 (7) TMI 1338 - AT
  197. 2014 (10) TMI 211 - AT
  198. 2014 (3) TMI 327 - AT
  199. 2013 (9) TMI 1295 - AT
  200. 2014 (2) TMI 738 - AT
  201. 2013 (9) TMI 411 - AT
  202. 2013 (10) TMI 743 - AT
  203. 2013 (9) TMI 473 - AT
  204. 2013 (9) TMI 157 - AT
  205. 2013 (6) TMI 572 - AT
  206. 2013 (10) TMI 606 - AT
  207. 2013 (5) TMI 633 - AT
  208. 2013 (4) TMI 842 - AT
  209. 2012 (12) TMI 670 - AT
  210. 2012 (10) TMI 1101 - AT
  211. 2012 (10) TMI 172 - AT
  212. 2012 (12) TMI 14 - AT
  213. 2012 (10) TMI 566 - AT
  214. 2012 (12) TMI 719 - AT
  215. 2012 (7) TMI 651 - AT
  216. 2012 (8) TMI 423 - AT
  217. 2012 (5) TMI 90 - AT
  218. 2012 (6) TMI 633 - AT
  219. 2013 (11) TMI 419 - AT
  220. 2012 (5) TMI 315 - AT
  221. 2012 (8) TMI 116 - AT
  222. 2012 (2) TMI 594 - AT
  223. 2011 (12) TMI 21 - AT
  224. 2011 (7) TMI 112 - AT
  225. 2013 (11) TMI 418 - AT
  226. 2011 (5) TMI 988 - AT
  227. 2011 (4) TMI 1436 - AT
  228. 2011 (3) TMI 890 - AT
  229. 2011 (2) TMI 1303 - AT
  230. 2011 (1) TMI 1558 - AT
  231. 2010 (11) TMI 630 - AT
  232. 2010 (11) TMI 728 - AT
  233. 2010 (8) TMI 985 - AT
  234. 2010 (8) TMI 984 - AT
  235. 2010 (7) TMI 837 - AT
  236. 2010 (5) TMI 809 - AT
  237. 2010 (5) TMI 698 - AT
  238. 2010 (3) TMI 1092 - AT
  239. 2010 (3) TMI 1150 - AT
  240. 2010 (2) TMI 916 - AT
  241. 2010 (2) TMI 744 - AT
  242. 2009 (12) TMI 984 - AT
  243. 2009 (12) TMI 945 - AT
  244. 2009 (11) TMI 619 - AT
  245. 2009 (11) TMI 606 - AT
  246. 2009 (11) TMI 922 - AT
  247. 2009 (11) TMI 85 - AT
  248. 2009 (9) TMI 692 - AT
  249. 2009 (2) TMI 233 - AT
  250. 2009 (1) TMI 337 - AT
  251. 2008 (12) TMI 260 - AT
  252. 2008 (9) TMI 621 - AT
  253. 2008 (8) TMI 782 - AT
  254. 2008 (5) TMI 299 - AT
  255. 2008 (5) TMI 301 - AT
  256. 2008 (3) TMI 371 - AT
  257. 2008 (1) TMI 656 - AT
  258. 2007 (9) TMI 293 - AT
  259. 2007 (7) TMI 332 - AT
  260. 2007 (4) TMI 288 - AT
  261. 2007 (4) TMI 396 - AT
  262. 2007 (1) TMI 234 - AT
  263. 2006 (9) TMI 366 - AT
  264. 2006 (6) TMI 263 - AT
  265. 2006 (3) TMI 275 - AT
  266. 2006 (1) TMI 176 - AT
  267. 2005 (11) TMI 483 - AT
  268. 2005 (7) TMI 582 - AT
  269. 2003 (12) TMI 273 - AT
  270. 2003 (12) TMI 274 - AT
  271. 2003 (10) TMI 255 - AT
  272. 2003 (2) TMI 170 - AT
  273. 2003 (1) TMI 271 - AT
  274. 2002 (12) TMI 644 - AT
  275. 2002 (11) TMI 244 - AT
  276. 2002 (8) TMI 264 - AT
  277. 2002 (8) TMI 249 - AT
  278. 2002 (8) TMI 271 - AT
  279. 2002 (7) TMI 222 - AT
  280. 2001 (12) TMI 193 - AT
  281. 2001 (11) TMI 212 - AT
  282. 2001 (8) TMI 1388 - AT
  283. 2001 (7) TMI 279 - AT
  284. 2001 (5) TMI 945 - AT
  285. 2001 (5) TMI 134 - AT
  286. 2001 (4) TMI 183 - AT
  287. 2000 (8) TMI 238 - AT
  288. 2000 (8) TMI 235 - AT
  289. 2000 (3) TMI 163 - AT
  290. 1999 (11) TMI 98 - AT
  291. 1999 (2) TMI 90 - AT
  292. 1999 (1) TMI 67 - AT
  293. 1998 (11) TMI 146 - AT
  294. 1997 (9) TMI 150 - AT
  295. 1997 (5) TMI 68 - AT
  296. 1997 (2) TMI 193 - AT
  297. 1997 (2) TMI 192 - AT
  298. 1997 (1) TMI 130 - AT
  299. 1996 (12) TMI 106 - AT
  300. 1996 (9) TMI 205 - AT
  301. 1996 (7) TMI 179 - AT
  302. 1995 (10) TMI 71 - AT
  303. 1995 (10) TMI 56 - AT
  304. 1995 (10) TMI 58 - AT
  305. 1995 (8) TMI 111 - AT
  306. 1995 (8) TMI 108 - AT
  307. 1995 (4) TMI 94 - AT
  308. 1995 (3) TMI 156 - AT
  309. 1995 (2) TMI 101 - AT
  310. 1994 (12) TMI 142 - AT
  311. 1994 (10) TMI 99 - AT
  312. 1994 (3) TMI 155 - AT
  313. 1994 (3) TMI 147 - AT
  314. 1994 (3) TMI 127 - AT
  315. 1993 (12) TMI 89 - AT
  316. 1993 (11) TMI 80 - AT
  317. 1993 (10) TMI 137 - AT
  318. 1993 (9) TMI 153 - AT
  319. 1993 (8) TMI 99 - AT
  320. 1993 (8) TMI 269 - AT
  321. 1993 (7) TMI 110 - AT
  322. 1992 (7) TMI 107 - AT
  323. 1992 (6) TMI 67 - AT
  324. 1992 (5) TMI 73 - AT
  325. 1992 (4) TMI 84 - AT
  326. 1992 (2) TMI 377 - AT
  327. 1992 (1) TMI 355 - AT
  328. 1992 (1) TMI 202 - AT
  329. 1992 (1) TMI 163 - AT
  330. 1991 (12) TMI 98 - AT
  331. 1991 (12) TMI 117 - AT
  332. 1991 (5) TMI 85 - AT
  333. 1991 (3) TMI 208 - AT
  334. 1991 (2) TMI 180 - AT
  335. 1991 (2) TMI 173 - AT
  336. 1991 (1) TMI 193 - AT
  337. 1989 (9) TMI 132 - AT
  338. 1988 (9) TMI 115 - AT
  339. 1987 (12) TMI 62 - AT
  340. 1987 (12) TMI 61 - AT
  341. 1987 (1) TMI 148 - AT
  342. 1986 (7) TMI 164 - AT
  343. 1985 (11) TMI 74 - AT
  344. 1984 (11) TMI 124 - AT
Issues:
1. Valid exclusion of a sum from the assessee's business income for a specific assessment year.
2. Interpretation of the definition of "dealer" in the Bengal Finance (Sales Tax) Act, 1941.
3. Determination of whether the sum realized as sales tax should be considered part of the appellant's trading or business receipt.
4. Consideration of the nature of receipts in the context of accounting entries and their treatment for tax purposes.

Analysis:
1. The judgment pertains to an appeal against the Calcutta High Court's decision regarding the exclusion of a sum from the appellant's business income for a particular assessment year. The appellant, a private limited company acting as an auctioneer, realized a sum as sales tax in addition to commissions. The Income-tax Officer contended that this sum was part of the appellant's income and should be included. However, the Appellate Assistant Commissioner and the Income-tax Appellate Tribunal excluded the amount based on the appellant's treatment and pending legal matters. The High Court disagreed, leading to the appeal before the Supreme Court.

2. The judgment delves into the interpretation of the term "dealer" in the Bengal Finance (Sales Tax) Act, 1941. The Calcutta High Court had held the definition ultra vires concerning auctioneers. However, the Supreme Court disagreed, emphasizing that auction sales constitute sales under the Sale of Goods Act, and the legislature's power to tax such transactions is not restricted to owners or purchasers only. The Court highlighted the direct connection between auctioneers and sales transactions, asserting the validity of including auctioneers in the definition of "dealer."

3. The Court addressed whether the sum received as sales tax should be considered part of the appellant's trading or business receipt. Despite the appellant not paying the sales tax to the actual owner of the goods auctioned, the statutory liability rested with the appellant. The Court concluded that the amount should be deemed part of the appellant's trading receipt, allowing for deduction upon payment to the State Government.

4. The judgment discussed the nature of receipts in accounting entries and their treatment for tax purposes. It emphasized that the true nature of a receipt determines its classification, irrespective of the accounting entry. Referring to precedents, the Court highlighted that if a receipt is a trading receipt, its classification in accounting books does not alter its essence. The Court upheld the High Court's decision to include the sales tax amount in the appellant's income, dismissing the appeal and affirming the costs.

In conclusion, the Supreme Court upheld the High Court's decision, emphasizing the inclusion of the sales tax amount in the appellant's income and the validity of the legislative definition of "dealer" to encompass auctioneers.

 

 

 

 

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