https://www.taxtmi.com/caselaws?id=149784 Where the substance of a varnish contract shows transfer of property in finished varnish for valuable consideration in the course of business, the transaction is a sale for sales tax purposes. The supplier's use of some raw materials by the buyer, or the fact that invoices did not separately show their value, did not change the character of the transaction. The omission of part of the value from the earlier seller's return likewise did not prevent the transaction from being treated as a sale under section 2(h). On the materials produced, the burden under section 10 was satisfied, and the turnover could be treated as second sales eligible for the statutory concession. en-us Tue, 11 Nov 1969 00:00:00 +0530 Fri, 03 May 2013 14:55:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=149784 Where the substance of a varnish contract shows transfer of property in finished varnish for valuable consideration in the course of business, the transaction is a sale for sales tax purposes. The supplier's use of some raw materials by the buyer, or the fact that invoices did not separately show their value, did not change the character of the transaction. The omission of part of the value from the earlier seller's return likewise did not prevent the transaction from being treated as a sale under section 2(h). On the materials produced, the burden under section 10 was satisfied, and the turnover could be treated as second sales eligible for the statutory concession. Case-Laws VAT and Sales Tax Tue, 11 Nov 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=149784