https://www.taxtmi.com/caselaws?id=101687 Transactions in controlled commodities remain sales for sales tax purposes where statutory control orders restrict price, parties, quantity, or delivery but do not wholly exclude mutual assent. The Supreme Court distinguished regulated contractual dealings from compulsory acquisition and held that a dealer's voluntary participation in the controlled trade, together with express or implied agreement between the parties, preserves the consensual character of the transfer. Only where the obligation to transfer property is imposed directly without real agreement does the transaction fall outside the legal concept of sale. The transactions were therefore treated as sales and liable to sales tax or purchase tax against the assessee. en-us Fri, 16 Dec 1977 00:00:00 +0530 Sat, 19 Jul 2014 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101687 Transactions in controlled commodities remain sales for sales tax purposes where statutory control orders restrict price, parties, quantity, or delivery but do not wholly exclude mutual assent. The Supreme Court distinguished regulated contractual dealings from compulsory acquisition and held that a dealer's voluntary participation in the controlled trade, together with express or implied agreement between the parties, preserves the consensual character of the transfer. Only where the obligation to transfer property is imposed directly without real agreement does the transaction fall outside the legal concept of sale. The transactions were therefore treated as sales and liable to sales tax or purchase tax against the assessee. Case-Laws VAT and Sales Tax Fri, 16 Dec 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101687