Non-resident principal's goods transfer to assessee's business deemed taxable sale

The High Court of Madras held that the transaction involving the transfer of goods from a non-resident principal to the assessee's own business constituted a sale chargeable to tax. The Court dismissed the Tax Revision case.

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The High Court of Madras held that the transaction involving the transfer of goods from a non-resident principal to the assessee's own business, where the assessee acted as both an agent and a purchaser, constituted a sale chargeable to tax. The Court dismissed the Tax Revision case.

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