Court :
High Court
Brief :
Held by the Hon`ble Court that, mere fact that the assessee had given separate receipt to the costumers and made suspense account for excess price collected does not change the character of the transaction. Therefore the receipt is trading receipt.
Citation :
Travancore Sugars and Chemicals Ltd. Vs. Dy. C.I.T.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India