https://www.taxtmi.com/caselaws?id=149757 A contract for building railway coaches on railway-supplied underframes was treated as a works contract rather than a sale of goods. The agreement, read as a whole, showed execution of the entire work for a lump sum, with materials, labour, fitting, furnishing and finishing included, while the underframes remained railway property throughout. Clauses on interim payments, specification control, indemnity for entrusted property, suspension and termination were consistent with work execution, and no independent contract for sale of the coaches was established. The amount received was therefore not taxable as sales turnover. en-us Mon, 10 Feb 1969 00:00:00 +0530 Fri, 03 May 2013 11:53:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=149757 A contract for building railway coaches on railway-supplied underframes was treated as a works contract rather than a sale of goods. The agreement, read as a whole, showed execution of the entire work for a lump sum, with materials, labour, fitting, furnishing and finishing included, while the underframes remained railway property throughout. Clauses on interim payments, specification control, indemnity for entrusted property, suspension and termination were consistent with work execution, and no independent contract for sale of the coaches was established. The amount received was therefore not taxable as sales turnover. Case-Laws VAT and Sales Tax Mon, 10 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=149757