Section 43B Not Applicable on RTO Registration Fees collected from Customers 

Thar Automobiles Pvt. Ltd. Vs ITO (ITAT Delhi) The issue under consideration is regarding applicability of provision of section 43B on the registration fees collected from the customers on sale of the vehicles? The assessee is a company engaged in the business of trading of Honda Two wheelers. When the vehicles are sold the assessee collects the registration fees from the buyer for registering the vehicles on behalf of buyer with Road Transport Authority. As soon as the RTO registration fees is paid on behalf of the buyer, the account is squared up . It is neither a tax , duty or other sum pay...