https://www.taxtmi.com/caselaws?id=153628 Adjustment entries between a company's own units for fuel and lubricants were not sales because sales tax applies only where property passes between distinct owners and title changes hands; book entries without transfer of ownership do not create taxable sales. The occasional disposal of unutilised spare parts and scrap was also not business, because the amended business definition still requires indicia such as volume, frequency, continuity and regularity, which were absent in sporadic annual disposals. On that basis, the transactions did not make the assessee a dealer for sales tax purposes, and the reference was answered in favour of the assessee. en-us Wed, 28 Oct 1981 00:00:00 +0530 Thu, 25 Jul 2013 18:18:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153628 Adjustment entries between a company's own units for fuel and lubricants were not sales because sales tax applies only where property passes between distinct owners and title changes hands; book entries without transfer of ownership do not create taxable sales. The occasional disposal of unutilised spare parts and scrap was also not business, because the amended business definition still requires indicia such as volume, frequency, continuity and regularity, which were absent in sporadic annual disposals. On that basis, the transactions did not make the assessee a dealer for sales tax purposes, and the reference was answered in favour of the assessee. Case-Laws VAT and Sales Tax Wed, 28 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153628