Supreme Court Allows Appeal in Trade Tax Matter — Amortisation Cost Not Includible in Sale Price. The court determined that the amortisation cost of toolings supplied by the customer cannot be included in the sale price of auto components sold by the appellant, as the cost was incurred by the customer and not by the appellant....
The dispute arose from a civil appeal filed by Moriroku UT India (P) Ltd. against a judgment of the Allahabad High Court, which dismissed their writ petition seeking to restrain the Assessing Officer ...




