TMI Blog1970 (4) TMI 123X X X X Extracts X X X X X X X X Extracts X X X X ..... t of storage and other incidental charges? Held that:- Appeal allowed & order passed by the High Court is set aside. In the case of bricks, on the evidence the cost price of bricks supplied to the contractors worked out to Rs. 39-8-0 and the company had charged Rs. 40 per thousand. But in working out the average rate of Rs. 39-8-0 the overhead expenditure of management for "work-charged personn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Whether the company charged any profit apart from storage charges for supplying cement and structural steel; and (2) Whether the difference between the price charged to the contractors and the price paid by the company to its suppliers for bricks was not in respect of storage and other incidental charges. The Tribunal has submitted the statement of the case which clearly shows that the compan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... But those were evidently expenses which were actually incurred by the company and must be regarded as part of the price which the company had to pay. It is clear that the company had made no profit when it supplied cement and structural steel to the contractors. Similarly in the case of bricks, on the evidence the cost price of bricks supplied to the contractors worked out to Rs. 39-8-0 and the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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