Trading receipt ::
Last updated: 05 September 2007
Court :
High Court
Brief :
Held by the Hon`ble Court that, mere fact that the assessee had given separate receipt to the costumers and made suspense account for excess price collected does not change the character of the transaction. Therefore the receipt is trading receipt.
Citation :
Travancore Sugars and Chemicals Ltd. Vs. Dy. C.I.T.
You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :
Stay updated! Stay ads free
Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.
CCI PRO annual subscription :
Original Price : INR 2999/-
Offer Price : INR 1999/-
Duration : 1 year
(Prices Inclusive of GST)
Know More
Note: If you are a PRO member already, please click here to login (for ad free experience)
CA.Saibaburao Nanduri
Published in Income Tax
Views : 77
Comments
Trending Online Classes
CAclubindia
