https://www.taxtmi.com/caselaws?id=127267 For purposes of the Bihar Sales Tax Act, "goods" was construed as movable tangible property and not abstract rights; on that basis, loom hours fell outside the statutory definition and their sale was not taxable. As to gunny bags delivered to Tata Iron & Steel Co. Ltd., the controlling question was the actual contracting purchaser: the transaction records showed the goods were credited to Shaw Wallace & Co., the price liability rested on that company, and Tata did not appear as buyer in the assessee's books. The exemption for sales to a registered dealer was therefore unavailable because the sale was treated as one to Shaw Wallace & Co., not to Tata Iron & Steel Co. Ltd. en-us Mon, 12 Jan 1953 00:00:00 +0530 Wed, 06 Mar 2013 13:10:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127267 For purposes of the Bihar Sales Tax Act, "goods" was construed as movable tangible property and not abstract rights; on that basis, loom hours fell outside the statutory definition and their sale was not taxable. As to gunny bags delivered to Tata Iron & Steel Co. Ltd., the controlling question was the actual contracting purchaser: the transaction records showed the goods were credited to Shaw Wallace & Co., the price liability rested on that company, and Tata did not appear as buyer in the assessee's books. The exemption for sales to a registered dealer was therefore unavailable because the sale was treated as one to Shaw Wallace & Co., not to Tata Iron & Steel Co. Ltd. Case-Laws VAT and Sales Tax Mon, 12 Jan 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127267