https://www.taxtmi.com/caselaws?id=128843 The Madras High Court upheld the tax liability on the turnover of surplus materials sold by building contractors. The court determined that the contractors qualified as dealers under the Act, emphasizing the continuous business of buying and selling goods. It was clarified that the profit motive assessment applied to the overall business activity rather than individual transactions, rejecting the argument that specific sales without a profit motive were exempt from tax. The judgment confirmed the applicability of sales tax on surplus material sales and the dealer status of the contractors, maintaining the tax liability based on the overarching profit motive. en-us Mon, 26 Nov 1962 00:00:00 +0530 Fri, 12 Apr 2013 12:06:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128843 The Madras High Court upheld the tax liability on the turnover of surplus materials sold by building contractors. The court determined that the contractors qualified as dealers under the Act, emphasizing the continuous business of buying and selling goods. It was clarified that the profit motive assessment applied to the overall business activity rather than individual transactions, rejecting the argument that specific sales without a profit motive were exempt from tax. The judgment confirmed the applicability of sales tax on surplus material sales and the dealer status of the contractors, maintaining the tax liability based on the overarching profit motive. Case-Laws VAT and Sales Tax Mon, 26 Nov 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128843