https://www.taxtmi.com/caselaws?id=7682 Amounts collected from customers as dharmada for charitable purposes, and credited to a separate account outside the trading and profit and loss accounts, did not constitute taxable business income under section 10(1) of the Income-tax Act, 1922. The compulsory character of the levy did not convert the receipts into trading receipts or a surcharge on sale price. As the assessee acted only as a conduit for passing the sums to charitable objects, the collections were held not to form part of its business profits and were not income at all. en-us Tue, 18 Nov 1969 00:00:00 +0530 Tue, 17 Mar 2009 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7682 Amounts collected from customers as dharmada for charitable purposes, and credited to a separate account outside the trading and profit and loss accounts, did not constitute taxable business income under section 10(1) of the Income-tax Act, 1922. The compulsory character of the levy did not convert the receipts into trading receipts or a surcharge on sale price. As the assessee acted only as a conduit for passing the sums to charitable objects, the collections were held not to form part of its business profits and were not income at all. Case-Laws Income Tax Tue, 18 Nov 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7682