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2005 (4) TMI 63 - SC - Income TaxWhether receipt of advance and the income accruing thereon has gone towards depreciation of the sale price? Held that:- According to the adjudicating authority, the said "Other Income" had contributed to the pricing. That, but for the said "Other Income", it was not possible for the company to sell the motorcycles at a price lower than the unit cost of production. Lastly, the adjudicating authority found on facts that since interest paid at 9% to the customers was indicated as an expense, the income on the investments from the advances was includible in the assessable value. This aspect has also not been considered by the Tribunal. For the above reasons, we hold that the Tribunal has disposed of the appeal before it in a most perfunctory manner without going into any figures at all but by merely on the statement made by Counsel and on the basis of material which appears to have been produced first time before the Tribunal. We, therefore, set aside the order of the Tribunal and remand the matter back to the Tribunal to consider in detail by taking the help of a Cost Accountant.
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