https://www.taxtmi.com/caselaws?id=155275 Sales of motor spirit after repeal of the M.S.T. Act, 1957 were treated as exempt from levy under the M.P. General Sales Tax Act, 1958 because the point was already covered by an earlier binding Division Bench ruling; section 54 was likewise held inapplicable on the same statutory footing. By contrast, the sale of an old staff car was held taxable under the amended definition of "business", because an asset acquired and used in connection with business falls within taxable turnover even if the assessee does not trade in such assets. Costs were left to lie where they fell. en-us Tue, 27 Jan 1987 00:00:00 +0530 Mon, 02 Sep 2013 18:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155275 Sales of motor spirit after repeal of the M.S.T. Act, 1957 were treated as exempt from levy under the M.P. General Sales Tax Act, 1958 because the point was already covered by an earlier binding Division Bench ruling; section 54 was likewise held inapplicable on the same statutory footing. By contrast, the sale of an old staff car was held taxable under the amended definition of "business", because an asset acquired and used in connection with business falls within taxable turnover even if the assessee does not trade in such assets. Costs were left to lie where they fell. Case-Laws VAT and Sales Tax Tue, 27 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155275