https://www.taxtmi.com/caselaws?id=100530 Sale of fixed assets or discarded machinery is not, by itself, a business sale for sales tax purposes. Arc furnaces were purchased as workshop equipment for use in the manufacturing plant, not for resale, and there was no evidence that the assessee intended to trade in such goods or earn profit from their disposal. The definition of "dealer" under the Central Sales Tax Act requires carrying on the business of selling goods, so a one-off disposal of capital equipment does not establish taxable turnover merely because a profit was realised on sale. On those facts, the sale proceeds of the furnaces were not exigible to sales tax. en-us Tue, 20 Aug 1968 00:00:00 +0530 Thu, 19 Sep 2013 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100530 Sale of fixed assets or discarded machinery is not, by itself, a business sale for sales tax purposes. Arc furnaces were purchased as workshop equipment for use in the manufacturing plant, not for resale, and there was no evidence that the assessee intended to trade in such goods or earn profit from their disposal. The definition of "dealer" under the Central Sales Tax Act requires carrying on the business of selling goods, so a one-off disposal of capital equipment does not establish taxable turnover merely because a profit was realised on sale. On those facts, the sale proceeds of the furnaces were not exigible to sales tax. Case-Laws VAT and Sales Tax Tue, 20 Aug 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100530