https://www.taxtmi.com/caselaws?id=127496 Sale of a motor car treated as a company asset and later sold as a second-hand vehicle was held liable to sales tax. The car was purchased for the managing director's use, shown in the company books as an asset, and sold after several years of use, so the transaction was not an isolated sale of private property or a sale in its original condition. Arguments based on authorities concerning private assets and transport operators' bus sales were distinguished. The objection based on double taxation was rejected because the later transaction involved a used car, and the sale was taxable. en-us Tue, 21 Feb 1956 00:00:00 +0530 Mon, 11 Mar 2013 14:06:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127496 Sale of a motor car treated as a company asset and later sold as a second-hand vehicle was held liable to sales tax. The car was purchased for the managing director's use, shown in the company books as an asset, and sold after several years of use, so the transaction was not an isolated sale of private property or a sale in its original condition. Arguments based on authorities concerning private assets and transport operators' bus sales were distinguished. The objection based on double taxation was rejected because the later transaction involved a used car, and the sale was taxable. Case-Laws VAT and Sales Tax Tue, 21 Feb 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127496