https://www.taxtmi.com/caselaws?id=150891 Rule 40 set-off under the Bombay Sales Tax Rules, 1959 was available to the registered dealer that purchased the goods, and the term "assessee" in the rule was read as the registered dealer rather than the person assessed in a particular proceeding. A separately registered branch office was only an additional place of business for administrative purposes and did not create a distinct dealer or separate taxable entity. As a company remains one legal entity, purchases made by the head office and sold through its branch could satisfy the statutory conditions for set-off where the goods were held in stock on the appointed day and sold within the prescribed period. The tax benefit could not be denied merely because the sale was effected through the branch. en-us Sat, 07 Dec 1974 00:00:00 +0530 Fri, 24 May 2013 14:18:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150891 Rule 40 set-off under the Bombay Sales Tax Rules, 1959 was available to the registered dealer that purchased the goods, and the term "assessee" in the rule was read as the registered dealer rather than the person assessed in a particular proceeding. A separately registered branch office was only an additional place of business for administrative purposes and did not create a distinct dealer or separate taxable entity. As a company remains one legal entity, purchases made by the head office and sold through its branch could satisfy the statutory conditions for set-off where the goods were held in stock on the appointed day and sold within the prescribed period. The tax benefit could not be denied merely because the sale was effected through the branch. Case-Laws VAT and Sales Tax Sat, 07 Dec 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150891