Court rules excess levy sugar price not part of turnover.

The High Court of Karnataka ruled in favor of the assessee, holding that excess collection towards levy sugar price should not be included in the turnover of the assessee, relying on precedent from CIT v. Mysore Sugar Co. Ltd. [1990] 183 ITR 113 (Kar).

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The High Court of Karnataka answered a question regarding the inclusion of excess collection towards levy sugar price in the turnover of the assessee. The court ruled in favor of the assessee, citing a previous decision in CIT v. Mysore Sugar Co. Ltd. [1990] 183 ITR 113 (Kar).

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