https://www.taxtmi.com/caselaws?id=153536 Consideration paid to a registered dealer for lifting stone metal from quarries was treated as price of goods, not royalty, because property in the stone metal passed for consideration and the existence of a Government lease with royalty obligations did not change the legal character of the transaction. The Court held that the arrangement was a sale rather than a mere permission to quarry or remove stones. As the payment represented the price paid to a registered dealer, it fell within the deduction provision and was deductible from taxable turnover. en-us Tue, 08 Mar 1983 00:00:00 +0530 Wed, 24 Jul 2013 16:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153536 Consideration paid to a registered dealer for lifting stone metal from quarries was treated as price of goods, not royalty, because property in the stone metal passed for consideration and the existence of a Government lease with royalty obligations did not change the legal character of the transaction. The Court held that the arrangement was a sale rather than a mere permission to quarry or remove stones. As the payment represented the price paid to a registered dealer, it fell within the deduction provision and was deductible from taxable turnover. Case-Laws VAT and Sales Tax Tue, 08 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153536