https://www.taxtmi.com/caselaws?id=145199 Exploitation rights in a cinematograph film, even when accompanied by custody or return arrangements for prints and negatives, do not amount to a sale of goods where the substance of the arrangement is licensing or assignment of copyright; sales tax was therefore not attracted on that footing. Processed or exposed film was treated as a distinct commercial commodity from raw film and could be brought to single-point levy under the First Schedule. Penalty for non-disclosure under the sales-tax law requires wilful or culpable omission and is not automatic; where the assessee acts under a bona fide and arguable view of liability, penalty is not justified, and it could not survive here once the receipts were held not taxable. en-us Wed, 08 Mar 1967 00:00:00 +0530 Tue, 23 Apr 2013 10:08:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=145199 Exploitation rights in a cinematograph film, even when accompanied by custody or return arrangements for prints and negatives, do not amount to a sale of goods where the substance of the arrangement is licensing or assignment of copyright; sales tax was therefore not attracted on that footing. Processed or exposed film was treated as a distinct commercial commodity from raw film and could be brought to single-point levy under the First Schedule. Penalty for non-disclosure under the sales-tax law requires wilful or culpable omission and is not automatic; where the assessee acts under a bona fide and arguable view of liability, penalty is not justified, and it could not survive here once the receipts were held not taxable. Case-Laws VAT and Sales Tax Wed, 08 Mar 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=145199