Even if it is assumed that the assessee was authorized to collect sales tax and retain with it, the same will be chargeable to tax as trading receipt

DECIDED BY: ITAT, DELHI BENCH `D’, DELHI,

IN THE CASE OF: LG Electronics India Pvt. Ltd. Vs. Addl. CIT, APPEAL NO: ITA No. 1404 (Del) of 2007, DECIDED ON February 26, 2010

RELEVANT PARAGRAPH

9. We have heard both the parties and gone through the material available on record. In this case the assessee had collected sales tax as a part of dealers’

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