https://www.taxtmi.com/caselaws?id=154737 Turnover from goods returned or refused by purchasers was held not exigible to sales tax where the invoice terms provided that property in the goods would remain with the seller until payment was received. The court applied the statutory definition of sale only subject to any contrary contractual stipulation, and held that the appropriation was conditional. Because the condition precedent to transfer of property was never fulfilled for the refused goods, the transaction never matured into a completed sale and could not be taxed. The contrary view of the assessing authority and Appellate Tribunal was rejected. en-us Mon, 29 Jun 1987 00:00:00 +0530 Mon, 26 Aug 2013 18:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154737 Turnover from goods returned or refused by purchasers was held not exigible to sales tax where the invoice terms provided that property in the goods would remain with the seller until payment was received. The court applied the statutory definition of sale only subject to any contrary contractual stipulation, and held that the appropriation was conditional. Because the condition precedent to transfer of property was never fulfilled for the refused goods, the transaction never matured into a completed sale and could not be taxed. The contrary view of the assessing authority and Appellate Tribunal was rejected. Case-Laws VAT and Sales Tax Mon, 29 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154737