https://www.taxtmi.com/caselaws?id=14072 The court held that customs duty and sales tax collected in earlier years should be treated as income, dismissing the argument against taxing them. However, the court allowed the claim for entertainment expenditure. The Explanation to section 37(2B) was found to apply prospectively, not retrospectively, supporting the assessee's position. en-us Tue, 19 Dec 2000 00:00:00 +0530 Mon, 13 Jul 2009 13:28:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14072 The court held that customs duty and sales tax collected in earlier years should be treated as income, dismissing the argument against taxing them. However, the court allowed the claim for entertainment expenditure. The Explanation to section 37(2B) was found to apply prospectively, not retrospectively, supporting the assessee's position. Case-Laws Income Tax Tue, 19 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14072