TMI Blog2019 (7) TMI 518X X X X Extracts X X X X X X X X Extracts X X X X ..... f income over expenditure - whether the retention of a part of the VAT collected by the respondent Assessee till the process of determination of its actual expenditure incurred on the collection, followed by deposit of balance surplus amount in the Government Treasury for onward transmission to the State Government, can be treated as the 'real income' in the hands of the respondent Asses ..... X X X X Extracts X X X X X X X X Extracts X X X X
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