https://www.taxtmi.com/caselaws?id=152534 Statutory compulsion to sell cement to the State Trading Corporation at controlled prices was held to remain a sale, because the transfer of title was for consideration and some area of consent survived on terms such as delivery, payment, rebates and packing charges; the transaction was not compulsory acquisition by the State. That sale was treated as the first sale under the Karnataka Sales Tax Act and was exigible to tax. Excise duty paid by the manufacturer was deductible from turnover under the relevant rule, because the taxable sale was the manufacturer's sale to the corporation. The assessment and appellate orders were set aside and the matter remanded for fresh assessment. en-us Mon, 15 Jan 1979 00:00:00 +0530 Sat, 06 Jul 2013 13:07:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152534 Statutory compulsion to sell cement to the State Trading Corporation at controlled prices was held to remain a sale, because the transfer of title was for consideration and some area of consent survived on terms such as delivery, payment, rebates and packing charges; the transaction was not compulsory acquisition by the State. That sale was treated as the first sale under the Karnataka Sales Tax Act and was exigible to tax. Excise duty paid by the manufacturer was deductible from turnover under the relevant rule, because the taxable sale was the manufacturer's sale to the corporation. The assessment and appellate orders were set aside and the matter remanded for fresh assessment. Case-Laws VAT and Sales Tax Mon, 15 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152534