https://www.taxtmi.com/caselaws?id=151023 The true character of a commercial transaction must be determined from the whole arrangement and surrounding circumstances, not from isolated words in an order or debit note. Where goods were imported under the company's actual user's licence, the letter of authority stated that the respondents acted purely as agents, the goods were imported on behalf of the company, and property was never to pass to the respondents, the transaction was an agency arrangement. References to the lowest rate, the word "supply", and the form of the debit note were insufficient to override those dominant indicia. The transaction was therefore not a sale liable to sales tax under the Bombay Sales Tax Act, 1959. en-us Fri, 31 Jan 1975 00:00:00 +0530 Mon, 27 May 2013 15:12:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151023 The true character of a commercial transaction must be determined from the whole arrangement and surrounding circumstances, not from isolated words in an order or debit note. Where goods were imported under the company's actual user's licence, the letter of authority stated that the respondents acted purely as agents, the goods were imported on behalf of the company, and property was never to pass to the respondents, the transaction was an agency arrangement. References to the lowest rate, the word "supply", and the form of the debit note were insufficient to override those dominant indicia. The transaction was therefore not a sale liable to sales tax under the Bombay Sales Tax Act, 1959. Case-Laws VAT and Sales Tax Fri, 31 Jan 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151023