https://www.taxtmi.com/caselaws?id=128737 Under the U.P. Sales Tax Act, 1948, the definition of "dealer" was confined to transactions connected with the dealer's business. The Allahabad HC held that sale proceeds from machinery sold on closure of business were not includible in taxable turnover because the machinery was a capital asset and not an item in which the assessee carried on the business of buying or selling. An isolated disposal of assets lacks the necessary business nexus and is not taxable merely because the seller is otherwise a dealer. en-us Fri, 21 Dec 1962 00:00:00 +0530 Wed, 10 Apr 2013 16:48:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128737 Under the U.P. Sales Tax Act, 1948, the definition of "dealer" was confined to transactions connected with the dealer's business. The Allahabad HC held that sale proceeds from machinery sold on closure of business were not includible in taxable turnover because the machinery was a capital asset and not an item in which the assessee carried on the business of buying or selling. An isolated disposal of assets lacks the necessary business nexus and is not taxable merely because the seller is otherwise a dealer. Case-Laws VAT and Sales Tax Fri, 21 Dec 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128737