https://www.taxtmi.com/caselaws?id=154216 Under the enlarged definition of "business" in section 2(bb) of the M.P. General Sales Tax Act, 1958, sale of an asset used for business purposes can fall within taxable turnover if the transaction is connected with the business. It is not necessary that the assessee be a dealer in the commodity sold. Applying that principle, the sale of an old car used in the business was treated as a business transaction and its sale proceeds were includible in taxable turnover. en-us Wed, 27 Apr 1983 00:00:00 +0530 Sat, 10 Aug 2013 11:55:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154216 Under the enlarged definition of "business" in section 2(bb) of the M.P. General Sales Tax Act, 1958, sale of an asset used for business purposes can fall within taxable turnover if the transaction is connected with the business. It is not necessary that the assessee be a dealer in the commodity sold. Applying that principle, the sale of an old car used in the business was treated as a business transaction and its sale proceeds were includible in taxable turnover. Case-Laws VAT and Sales Tax Wed, 27 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154216