1979 (12) TMI 5

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 1972-73. The question of law referred is : " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is right in law in holding that the laga collections made by the assessee-firm is not income of the assessee ? " The assessee is a firm doing business in hill produce on commission basis. It was collecting a small percentage of the sale proceeds from the customers in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . It held that the assessee collected money only as the agent for distribution as charities. The Tribunal was of the view that the collections would not constitute the assessee's trading receipts. The Department's appeal was dismissed. The view taken by the Tribunal has been sustained recently by the Supreme Court in CIT v. Bijli Cotton Mills (P.) Ltd. [1979] 116 ITR 60. Following the said decis .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X