https://www.taxtmi.com/caselaws?id=152614 The Tribunal held that the deposits collected by the liquor distributor were not taxable as part of the assessable turnover for sales tax purposes. The judgment emphasized that the deposits retained their character as deposits, indicating a bailment arrangement rather than sale prices. Drawing parallels with caution deposits for bottles, the court highlighted that even when deposits were forfeited, no sale occurred. The decision distinguished the case from precedent involving similar transactions, ultimately upholding that the deposits were not subject to taxation. Both revision petitions were dismissed, affirming that the deposits were non-taxable. en-us Wed, 31 Oct 1979 00:00:00 +0530 Mon, 08 Jul 2013 11:13:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152614 The Tribunal held that the deposits collected by the liquor distributor were not taxable as part of the assessable turnover for sales tax purposes. The judgment emphasized that the deposits retained their character as deposits, indicating a bailment arrangement rather than sale prices. Drawing parallels with caution deposits for bottles, the court highlighted that even when deposits were forfeited, no sale occurred. The decision distinguished the case from precedent involving similar transactions, ultimately upholding that the deposits were not subject to taxation. Both revision petitions were dismissed, affirming that the deposits were non-taxable. Case-Laws VAT and Sales Tax Wed, 31 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152614