https://www.taxtmi.com/caselaws?id=150565 The Madras HC held that a society buying books at a discount and reselling them at a profit was carrying on business in the commercial sense and therefore fell within the statutory definition of a dealer under the Madras General Sales Tax Act, 1939. The fact that the profits were applied to religious or charitable objects did not change the character of the transactions or exempt the sales from tax. The Court stressed that liability depends on the profit-motive in the buying and selling activity, and any exemption must be expressly provided by statute. en-us Fri, 30 Mar 1973 00:00:00 +0530 Sat, 18 May 2013 16:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150565 The Madras HC held that a society buying books at a discount and reselling them at a profit was carrying on business in the commercial sense and therefore fell within the statutory definition of a dealer under the Madras General Sales Tax Act, 1939. The fact that the profits were applied to religious or charitable objects did not change the character of the transactions or exempt the sales from tax. The Court stressed that liability depends on the profit-motive in the buying and selling activity, and any exemption must be expressly provided by statute. Case-Laws VAT and Sales Tax Fri, 30 Mar 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150565