1997 (10) TMI 34

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....itioners, the facts and points in these cases are common, therefore, for the sake of convenience, they are being disposed of by this order. The petitioners have challenged the validity of the order of the Deputy Commissioner of Income-tax, Range II, Patna, dated June 13, 1991, whereby they were asked to furnish information regarding sales made to various retailers from April 1, 1990, to Septemb....

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....was said that "purchase price" in the case of retailers of country liquor under the Bihar Excise Act will also include excise duty as well as cost price of country spirit. The computation of profits and gains have to be made on the basis of the price the buyer has to pay as the purchase price of the country spirit and not what will be the cost price of the goods. He contended that an identical vie....

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....Commissioner with respect to the various sales, which had taken place at the relevant time and details of tax collected by them and dates of deposit in the Government's account. It would be relevant to note that the period of sale as disclosed in the impugned letters is prior to March 31, 1991. The Explanation inserted by the Finance Act, 1990, to section 44AC of the Act has been made effective....