https://www.taxtmi.com/caselaws?id=153634 The High Court held that the supply of binding materials by the assessee to the binders did not constitute a sale. The intention was to ensure quality in the binding work, not transfer ownership. The binders were considered bailees, not owners, of the materials, and deductions in labour charges did not imply a sale. The Court referred to past cases highlighting the need for an agreement to transfer property for a sale to occur. Consequently, the addition to the assessee's turnover was set aside as it did not reflect the sale price of the binding materials. en-us Thu, 12 Aug 1982 00:00:00 +0530 Thu, 25 Jul 2013 18:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153634 The High Court held that the supply of binding materials by the assessee to the binders did not constitute a sale. The intention was to ensure quality in the binding work, not transfer ownership. The binders were considered bailees, not owners, of the materials, and deductions in labour charges did not imply a sale. The Court referred to past cases highlighting the need for an agreement to transfer property for a sale to occur. Consequently, the addition to the assessee's turnover was set aside as it did not reflect the sale price of the binding materials. Case-Laws VAT and Sales Tax Thu, 12 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153634