https://www.taxtmi.com/caselaws?id=283722 The High Court ruled in favor of the Revenue, holding that the excess sales tax collected by the respondent constituted trading receipts and could only be deducted upon payment to the Sales Tax Department. The court relied on legal precedents to determine that the collected but unpaid sales tax amounted to a liability towards sales tax payment, aligning with principles established in previous cases. The judgment addressed the assessability of excess sales tax, the interpretation of liability towards sales tax payment, and the application of legal precedents, ultimately deciding against the assessee. en-us Tue, 07 Sep 2004 00:00:00 +0530 Wed, 09 Oct 2019 10:04:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283722 The High Court ruled in favor of the Revenue, holding that the excess sales tax collected by the respondent constituted trading receipts and could only be deducted upon payment to the Sales Tax Department. The court relied on legal precedents to determine that the collected but unpaid sales tax amounted to a liability towards sales tax payment, aligning with principles established in previous cases. The judgment addressed the assessability of excess sales tax, the interpretation of liability towards sales tax payment, and the application of legal precedents, ultimately deciding against the assessee. Case-Laws Income Tax Tue, 07 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283722