https://www.taxtmi.com/caselaws?id=151154 Transactions under a coupon-based circulation scheme were held not to be sales because property in goods did not pass under a contract supported by money consideration paid solely by the recipient. The article was obtained only after further circulation of coupons and payments by other participants, so the arrangement was in substance a canvassing scheme rather than a completed sale under the Sale of Goods Act. On that basis, the transactions were not liable to tax as sales under the Tamil Nadu General Sales Tax Act, and the related assessment and penalty orders were set aside. en-us Wed, 03 Mar 1976 00:00:00 +0530 Fri, 31 May 2013 16:29:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151154 Transactions under a coupon-based circulation scheme were held not to be sales because property in goods did not pass under a contract supported by money consideration paid solely by the recipient. The article was obtained only after further circulation of coupons and payments by other participants, so the arrangement was in substance a canvassing scheme rather than a completed sale under the Sale of Goods Act. On that basis, the transactions were not liable to tax as sales under the Tamil Nadu General Sales Tax Act, and the related assessment and penalty orders were set aside. Case-Laws VAT and Sales Tax Wed, 03 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151154