https://www.taxtmi.com/caselaws?id=100535 Contractual supply of coal under a controlled-price arrangement can still amount to a sale where the parties' agreement shows mutual assent, transfer of property in goods and price in money; price control and delivery regulation do not by themselves negate the sale character. The transactions were therefore treated as sales liable to sales tax on that ground. The document also explains that a validation statute can preserve tax liability only for the period it expressly cures: the assessment for the full year could not stand for turnover outside the validated window, and tax recovery was confined to the period covered by the Validation Act. en-us Tue, 27 Aug 1968 00:00:00 +0530 Thu, 19 Sep 2013 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100535 Contractual supply of coal under a controlled-price arrangement can still amount to a sale where the parties' agreement shows mutual assent, transfer of property in goods and price in money; price control and delivery regulation do not by themselves negate the sale character. The transactions were therefore treated as sales liable to sales tax on that ground. The document also explains that a validation statute can preserve tax liability only for the period it expressly cures: the assessment for the full year could not stand for turnover outside the validated window, and tax recovery was confined to the period covered by the Validation Act. Case-Laws VAT and Sales Tax Tue, 27 Aug 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100535