Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2005 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2005 (10) TMI 56 - BOMBAY HIGH COURTHotel receipt tax (HRT) - At the instance of the assessee. "(1) Whether, Tribunal was right in law in holding that the amount of hotel receipt tax (HRT) collected by the petitioner-company constituted trading receipts? – At the instance of the Revenue. (2) Whether, Tribunal was right in holding that the assessee was entitled to a deduction in respect of the hotel receipt tax?" - (HRT) tax collected by the assessee will have to be held as treated as trading receipt. This view shall also be in consonance with the text of section 21 of the Hotel Receipts Tax Act. The assessee will, thus, be entitled to claim deduction of the amount of hotel receipts tax to extent it was paid to discharge their liability under the Hotel Receipts Tax Act - we have no hesitation to answer the first question in favour of the Revenue and the second question in favour of the assessee
|