https://www.taxtmi.com/caselaws?id=37762 The High Court of Calcutta allowed the deduction of sales tax collected by the assessee on a mercantile basis in the assessment year. However, the Court held that the Central sales tax amount collected but not paid should have been taxed in the year of collection. The Court emphasized that the decision did not affect the assessee's right to challenge double taxation in the future. en-us Mon, 17 Apr 1978 00:00:00 +0530 Thu, 01 Apr 2010 10:11:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37762 The High Court of Calcutta allowed the deduction of sales tax collected by the assessee on a mercantile basis in the assessment year. However, the Court held that the Central sales tax amount collected but not paid should have been taxed in the year of collection. The Court emphasized that the decision did not affect the assessee's right to challenge double taxation in the future. Case-Laws Income Tax Mon, 17 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37762