https://www.taxtmi.com/caselaws?id=20673 The court clarified that sellers (distilleries) cannot collect tax at source on excise duty already paid by buyers for alcoholic liquor purchases. The judgment emphasized that tax should only be collected on the actual amount payable at the time of sale, excluding excise duty. This decision provides clarity on tax collection provisions, ensuring that tax is levied correctly based on the purchase amount. The ruling sets a precedent for similar cases involving tax collection on specific transaction components and distinguishes between excise duty and purchase price in tax calculations. en-us Thu, 03 Dec 1992 00:00:00 +0530 Mon, 16 Nov 2009 15:19:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20673 The court clarified that sellers (distilleries) cannot collect tax at source on excise duty already paid by buyers for alcoholic liquor purchases. The judgment emphasized that tax should only be collected on the actual amount payable at the time of sale, excluding excise duty. This decision provides clarity on tax collection provisions, ensuring that tax is levied correctly based on the purchase amount. The ruling sets a precedent for similar cases involving tax collection on specific transaction components and distinguishes between excise duty and purchase price in tax calculations. Case-Laws Income Tax Thu, 03 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20673