https://www.taxtmi.com/caselaws?id=5639 Sales tax refund received by the assessee was treated as a revenue receipt because the corresponding tax had earlier been allowed as a deduction and the refund retained its trading character. As no part of the amount had been returned to customers in the relevant year, it could not be excluded from assessment, and section 41(1) of the Income-tax Act, 1961 reinforced taxability. The deletion of the amount from the assessment was therefore unsustainable, in favour of the Revenue. en-us Wed, 27 Aug 1997 00:00:00 +0530 Mon, 29 Dec 2025 19:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5639 Sales tax refund received by the assessee was treated as a revenue receipt because the corresponding tax had earlier been allowed as a deduction and the refund retained its trading character. As no part of the amount had been returned to customers in the relevant year, it could not be excluded from assessment, and section 41(1) of the Income-tax Act, 1961 reinforced taxability. The deletion of the amount from the assessment was therefore unsustainable, in favour of the Revenue. Case-Laws Income Tax Wed, 27 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5639