https://www.taxtmi.com/caselaws?id=66156 The Tribunal upheld the Commissioner's order, determining that excess sales tax collections were assessable as the assessee's income for the relevant assessment years. It emphasized that since no sales tax liability existed due to exemption, the collections were taxable. The Tribunal clarified that the collections would be deductible upon payment to the government or refund to customers. Additionally, in specific appeals for the assessment year 1981-82, certain amounts were either not reassessed or remitted for fresh consideration. Overall, some appeals were dismissed, while one was partly allowed, reinforcing the taxability of the excess sales tax collections as income. en-us Thu, 18 Sep 1986 00:00:00 +0530 Mon, 21 Feb 2011 18:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66156 The Tribunal upheld the Commissioner's order, determining that excess sales tax collections were assessable as the assessee's income for the relevant assessment years. It emphasized that since no sales tax liability existed due to exemption, the collections were taxable. The Tribunal clarified that the collections would be deductible upon payment to the government or refund to customers. Additionally, in specific appeals for the assessment year 1981-82, certain amounts were either not reassessed or remitted for fresh consideration. Overall, some appeals were dismissed, while one was partly allowed, reinforcing the taxability of the excess sales tax collections as income. Case-Laws Income Tax Thu, 18 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66156