VAT collected on behalf of State Govt. not an income just because it was routed through P&L a/c

IT : Retention of a part of VAT at multi-purpose barrier collected by assessee-society as per section 34 of VAT Act, 2005 till process of determination of its actual expenditure incurred on collection, followed by deposit of balance surplus amount in Government Treasury for onward transmission to State Government, cannot be treated as 'real income' in hands of assessee for purpose of IT Act, 1961

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