https://www.taxtmi.com/caselaws?id=2492 The court held that unpaid sales tax, additional sales tax, and handling charges should be treated as trading receipts and included in the total income for the year. The court emphasized that the nature of the receipt, not the accounting head, determines its treatment for taxation purposes. The amounts collected but not paid over to the Sales Tax Department and remaining outstanding at the end of the accounting year must be included in the assessee's total income. The court ruled in favor of the Revenue, allowing the appeal and directing the communication of the judgment to the Income-tax Appellate Tribunal Cochin Bench. en-us Fri, 07 Jul 2006 00:00:00 +0530 Thu, 31 Jul 2008 09:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2492 The court held that unpaid sales tax, additional sales tax, and handling charges should be treated as trading receipts and included in the total income for the year. The court emphasized that the nature of the receipt, not the accounting head, determines its treatment for taxation purposes. The amounts collected but not paid over to the Sales Tax Department and remaining outstanding at the end of the accounting year must be included in the assessee's total income. The court ruled in favor of the Revenue, allowing the appeal and directing the communication of the judgment to the Income-tax Appellate Tribunal Cochin Bench. Case-Laws Income Tax Fri, 07 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2492