https://www.taxtmi.com/caselaws?id=40272 The Supreme Court upheld the Andhra Pradesh High Court's decision in favor of the assessee regarding the treatment of sales tax collected and refunded by a commission agent for income tax purposes. The Court distinguished the case from precedent involving an auctioneer, emphasizing that the sales tax collected by the commission agent did not constitute taxable income. The appellant's arguments were deemed insufficient to challenge the High Court's ruling, affirming the distinction between auctioneers and commission agents in sales tax collection and income tax liability. en-us Thu, 04 Feb 1999 00:00:00 +0530 Fri, 02 Mar 2012 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40272 The Supreme Court upheld the Andhra Pradesh High Court's decision in favor of the assessee regarding the treatment of sales tax collected and refunded by a commission agent for income tax purposes. The Court distinguished the case from precedent involving an auctioneer, emphasizing that the sales tax collected by the commission agent did not constitute taxable income. The appellant's arguments were deemed insufficient to challenge the High Court's ruling, affirming the distinction between auctioneers and commission agents in sales tax collection and income tax liability. Case-Laws Income Tax Thu, 04 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40272