https://www.taxtmi.com/caselaws?id=55096 Penalty for collection of tax not payable could not be sustained where tax was not shown separately in sale bills and the record only indicated an internal price breakup, because mere inclusion of a tax element in the sale price did not amount to recovery of tax from buyers. The penalty orders were therefore set aside on that footing. However, an intervening Supreme Court ruling on the taxability of iron and steel products required the underlying tax liability to be reconsidered, since taxability and penalty were interdependent. The matter was remitted to the assessing authority for fresh determination of tax liability and any consequential administrative relief. en-us Mon, 28 Nov 1977 00:00:00 +0530 Tue, 23 Nov 2010 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55096 Penalty for collection of tax not payable could not be sustained where tax was not shown separately in sale bills and the record only indicated an internal price breakup, because mere inclusion of a tax element in the sale price did not amount to recovery of tax from buyers. The penalty orders were therefore set aside on that footing. However, an intervening Supreme Court ruling on the taxability of iron and steel products required the underlying tax liability to be reconsidered, since taxability and penalty were interdependent. The matter was remitted to the assessing authority for fresh determination of tax liability and any consequential administrative relief. Case-Laws Income Tax Mon, 28 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55096