Supreme Court · 1964 INSC 88 · Decided 24 March 1964
Commissioner of Income-Tax, Punjab Jammu & Kashmir, Himachal Pradesh and Patiala v. Punjab Distilling Industries LTD.
- Court
- Supreme Court of India
- Citation
- 1964 INSC 88 · [1964] 7 S.C.R. 447
- Case number
- CIVIL APPEAL No. 107/1963
- Decided
- 24 March 1964
- Bench
- A.K. SARKAR, M. HIDAYATULLAH, J.C. SHAH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10
Headnote
Income Tax-Distiller taking deposit refundable on return of bottles-Balance of deposits after refund, if trading re­ ceipt-Indian Income-tax Act, 1922 (11 of 1922), s.10. The assessee, a distiller of country liquor, carried on the business of selling liquor to licensed '5tarted collecting from its customers from the year 1945 besides the price of the liquor and the bottles in which the liquor was sold a further charge called "empty bottles return security depo­ sit." The entire sum collected on this account in respect of any one transaction
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