https://www.taxtmi.com/caselaws?id=259921 The High Court of Calcutta set aside the Tribunal's orders, ruling that Section 43B of the Income Tax Act does not apply to the electricity duty collected by the licensee under the Bengal Electricity Duty Act, 1935. The Court determined that the duty collected is not a trading receipt and does not constitute income for the licensee. It clarified that the primary liability for the duty rests with consumers, with the licensee acting solely as a collecting agent for the State Government. As a result, the appeals were disposed of, and the orders under appeal were overturned. en-us Thu, 14 May 2015 00:00:00 +0530 Tue, 26 May 2015 07:48:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259921 The High Court of Calcutta set aside the Tribunal's orders, ruling that Section 43B of the Income Tax Act does not apply to the electricity duty collected by the licensee under the Bengal Electricity Duty Act, 1935. The Court determined that the duty collected is not a trading receipt and does not constitute income for the licensee. It clarified that the primary liability for the duty rests with consumers, with the licensee acting solely as a collecting agent for the State Government. As a result, the appeals were disposed of, and the orders under appeal were overturned. Case-Laws Income Tax Thu, 14 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259921