https://www.taxtmi.com/caselaws?id=128617 Supply of brass sheets and rings against customer-supplied copper scrap was treated as a sale under the Madras General Sales Tax Act, 1939, because the parties contemplated transfer of property in goods for valuable consideration. The assessee received scrap, added other metal, and returned brass sheets of a different commodity, with the value difference adjusted by credit note. On those facts, the transaction involved two independent transfers with ascertainable value and was not a mere bailment, pure conversion of the same material, or a works contract. The disputed turnover was therefore taxable, and the revision was dismissed. en-us Tue, 30 Apr 1963 00:00:00 +0530 Tue, 09 Apr 2013 12:42:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128617 Supply of brass sheets and rings against customer-supplied copper scrap was treated as a sale under the Madras General Sales Tax Act, 1939, because the parties contemplated transfer of property in goods for valuable consideration. The assessee received scrap, added other metal, and returned brass sheets of a different commodity, with the value difference adjusted by credit note. On those facts, the transaction involved two independent transfers with ascertainable value and was not a mere bailment, pure conversion of the same material, or a works contract. The disputed turnover was therefore taxable, and the revision was dismissed. Case-Laws VAT and Sales Tax Tue, 30 Apr 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128617