https://www.taxtmi.com/caselaws?id=154117 The High Court of Madras ruled against the Sales Tax Appellate Tribunal's decision to exclude the sale value of a car from tax liability for the assessment year. The Court held that any sale by a dealer in the course of trade is subject to sales tax, regardless of the type of goods sold. It emphasized that the sale of the car was within the course of the assessee's trade and rejected the Tribunal's reasoning on the previous tax liability of the car. Additionally, the Court highlighted the distinct nature of second-hand cars as a separate commercial commodity for tax purposes and reinstated the assessing authority's order, holding the firm liable for the tax on the car sale. en-us Wed, 03 Nov 1982 00:00:00 +0530 Wed, 07 Aug 2013 17:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154117 The High Court of Madras ruled against the Sales Tax Appellate Tribunal's decision to exclude the sale value of a car from tax liability for the assessment year. The Court held that any sale by a dealer in the course of trade is subject to sales tax, regardless of the type of goods sold. It emphasized that the sale of the car was within the course of the assessee's trade and rejected the Tribunal's reasoning on the previous tax liability of the car. Additionally, the Court highlighted the distinct nature of second-hand cars as a separate commercial commodity for tax purposes and reinstated the assessing authority's order, holding the firm liable for the tax on the car sale. Case-Laws VAT and Sales Tax Wed, 03 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154117