Income

Commission income — The commission income which has already been taxed in the earlier year cannot again constitute income for the succeeding year under consideration merely because the assessee was following a mercantile system of accounting as held by KolTrib in DCIT v Swaraj Marketing — In favour of: The assessee.

The service tax collected by the assessee on behalf of the Government, which was also paid, cannot be treated as income of assessee.

Decided on: 26 August 2011.