https://www.taxtmi.com/caselaws?id=100435 Controlled supplies of iron and steel remained sales for sales tax purposes because statutory control over buyers and base price did not eliminate mutual assent, transfer of property, or other negotiable terms such as delivery, transport, and payment. The transactions were therefore taxable sales. The territorial levy was also sustained because the tax authority could rely on a reasonable inference from the controlled distribution scheme, purchaser class, quantities supplied, and surrounding circumstances that the goods were delivered in Madras for consumption there. The sales-tax levy was upheld on both the nature of the transactions and the territorial nexus. en-us Mon, 11 Sep 1967 00:00:00 +0530 Mon, 30 Jun 2014 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100435 Controlled supplies of iron and steel remained sales for sales tax purposes because statutory control over buyers and base price did not eliminate mutual assent, transfer of property, or other negotiable terms such as delivery, transport, and payment. The transactions were therefore taxable sales. The territorial levy was also sustained because the tax authority could rely on a reasonable inference from the controlled distribution scheme, purchaser class, quantities supplied, and surrounding circumstances that the goods were delivered in Madras for consumption there. The sales-tax levy was upheld on both the nature of the transactions and the territorial nexus. Case-Laws VAT and Sales Tax Mon, 11 Sep 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100435