https://www.taxtmi.com/caselaws?id=17463 Amounts collected from customers as part of the sale price, though described as excise duty, constitute trading receipts in the hands of the assessee and are taxable as income; the fact that the excise levy had earlier been quashed did not alter the character of the receipt. The challenge under Article 226 was also rejected because an effective statutory remedy was available under the Income-tax Act, and writ jurisdiction was not ordinarily to be exercised in such circumstances. The assessment on the disputed receipts was therefore upheld and the writ petition dismissed. en-us Thu, 01 Aug 1996 00:00:00 +0530 Tue, 22 Sep 2009 15:17:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17463 Amounts collected from customers as part of the sale price, though described as excise duty, constitute trading receipts in the hands of the assessee and are taxable as income; the fact that the excise levy had earlier been quashed did not alter the character of the receipt. The challenge under Article 226 was also rejected because an effective statutory remedy was available under the Income-tax Act, and writ jurisdiction was not ordinarily to be exercised in such circumstances. The assessment on the disputed receipts was therefore upheld and the writ petition dismissed. Case-Laws Income Tax Thu, 01 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17463