https://www.taxtmi.com/caselaws?id=5411 The Supreme Court upheld the High Court's decision that the excess amount charged by Agro Corporation in the sale of tractors was part of the sale price and not a refundable amount. The court concluded that there was no statutory or contractual obligation for Agro Corporation to refund the excess amount to purchasers. Therefore, the excess amount was deemed as part of the sale price and not included in the assessee's total income for taxation purposes. The appeal was dismissed, affirming the High Court's ruling. en-us Thu, 08 Apr 1993 00:00:00 +0530 Mon, 24 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5411 The Supreme Court upheld the High Court's decision that the excess amount charged by Agro Corporation in the sale of tractors was part of the sale price and not a refundable amount. The court concluded that there was no statutory or contractual obligation for Agro Corporation to refund the excess amount to purchasers. Therefore, the excess amount was deemed as part of the sale price and not included in the assessee's total income for taxation purposes. The appeal was dismissed, affirming the High Court's ruling. Case-Laws Income Tax Thu, 08 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5411