Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The SC dismissed the appeal and upheld levy of tax under s.3F(1)(b) of the U.P. Trade Tax Act, 1948, holding that the appellant is liable to pay tax on ink and processing/packing materials used in printing. The Court applied the principle that transfer of property in goods occurs when goods are incorporated in the works, and rejected the "dominant intention" test for works contracts. Because the appellant failed to furnish an itemised breakdown, the Assessing Authority properly assessed value; chemically altered ink and constituent chemicals were held to be transferred as goods. All statutory conditions for levy under s.3F(1)(b) were found satisfied.
The SC dismissed the appeal and upheld levy of tax under s.3F(1)(b) of the U.P. Trade Tax Act, 1948, holding that the appellant is liable to pay tax on ink and processing/packing materials used in printing. The Court applied the principle that transfer of property in goods occurs when goods are incorporated in the works, and rejected the "dominant intention" test for works contracts. Because the appellant failed to furnish an itemised breakdown, the Assessing Authority properly assessed value; chemically altered ink and constituent chemicals were held to be transferred as goods. All statutory conditions for levy under s.3F(1)(b) were found satisfied.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
