https://www.taxtmi.com/caselaws?id=152312 Transfers of goods to other consortium members for payment of price were treated as sales under the Bengal Finance (Sales Tax) Act, 1941 because the statutory definition covered transfer of property in goods for valuable consideration. By contrast, disposal of unserviceable goods, scraps, discarded items and surplus materials was not taxable where those items were only fixed assets or rejects and no intention to carry on a business of selling them was shown. The analysis therefore distinguishes taxable sales from isolated disposals of surplus assets lacking a business character. en-us Thu, 16 Mar 1978 00:00:00 +0530 Fri, 28 Jun 2013 18:47:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152312 Transfers of goods to other consortium members for payment of price were treated as sales under the Bengal Finance (Sales Tax) Act, 1941 because the statutory definition covered transfer of property in goods for valuable consideration. By contrast, disposal of unserviceable goods, scraps, discarded items and surplus materials was not taxable where those items were only fixed assets or rejects and no intention to carry on a business of selling them was shown. The analysis therefore distinguishes taxable sales from isolated disposals of surplus assets lacking a business character. Case-Laws VAT and Sales Tax Thu, 16 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152312