https://www.taxtmi.com/caselaws?id=148355 A forest contract granting entry into forest land to collect gum from trees, including gum already present and gum secreted in future, was treated as a licence coupled with an interest in immovable property rather than a sale of goods. Because the occurrence, quantity, and quality of the produce were not guaranteed, the contract consideration was not the taxable sale price. Sales tax could arise only on the first sale of the extracted gum by the contractor to purchasers, not on the amount paid to obtain the forest rights. On that basis, assessment on contract consideration was unlawful and the impugned assessments were liable to be quashed. en-us Thu, 07 Mar 1968 00:00:00 +0530 Fri, 26 Apr 2013 10:56:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148355 A forest contract granting entry into forest land to collect gum from trees, including gum already present and gum secreted in future, was treated as a licence coupled with an interest in immovable property rather than a sale of goods. Because the occurrence, quantity, and quality of the produce were not guaranteed, the contract consideration was not the taxable sale price. Sales tax could arise only on the first sale of the extracted gum by the contractor to purchasers, not on the amount paid to obtain the forest rights. On that basis, assessment on contract consideration was unlawful and the impugned assessments were liable to be quashed. Case-Laws VAT and Sales Tax Thu, 07 Mar 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148355