https://www.taxtmi.com/caselaws?id=5815 SC dismissed the appeal with costs, holding the excess amount realised on sale of sugar was a trading receipt and taxable as the price of goods. Maintaining a separate account or later transfer to a government fund did not alter its nature. Differently worded interim HC orders and conditional rights to refund in other cases were distinguishable; here the receipt lacked such ascertainable refund liability. The High Court's view that the amount constituted trading income was upheld. en-us Wed, 09 Aug 2000 00:00:00 +0530 Mon, 06 Oct 2025 20:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5815 SC dismissed the appeal with costs, holding the excess amount realised on sale of sugar was a trading receipt and taxable as the price of goods. Maintaining a separate account or later transfer to a government fund did not alter its nature. Differently worded interim HC orders and conditional rights to refund in other cases were distinguishable; here the receipt lacked such ascertainable refund liability. The High Court's view that the amount constituted trading income was upheld. Case-Laws Income Tax Wed, 09 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5815