https://www.taxtmi.com/caselaws?id=127253 Transactions involving groundnut stock were treated as a loan coupled with entrustment for sale, not as purchases by the plaintiffs. Sale proceeds were credited to the respective owners and accounts were settled at season end, while no purchase price was credited on receipt of stock in the godown. On these facts, the plaintiffs acted neither as purchasers nor as sellers in the ordinary sense, so the dealings did not amount to sales under the Madras General Sales Tax Act. They were therefore not liable to sales tax as dealers, and the appeal failed. en-us Fri, 10 Apr 1953 00:00:00 +0530 Wed, 06 Mar 2013 11:22:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127253 Transactions involving groundnut stock were treated as a loan coupled with entrustment for sale, not as purchases by the plaintiffs. Sale proceeds were credited to the respective owners and accounts were settled at season end, while no purchase price was credited on receipt of stock in the godown. On these facts, the plaintiffs acted neither as purchasers nor as sellers in the ordinary sense, so the dealings did not amount to sales under the Madras General Sales Tax Act. They were therefore not liable to sales tax as dealers, and the appeal failed. Case-Laws VAT and Sales Tax Fri, 10 Apr 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127253