https://www.taxtmi.com/caselaws?id=155480 The court upheld the Tribunal's decision regarding the taxation of spare parts used for transformer repairs, affirming that the tax liability is determined upon approval of the repaired transformers, not at the time of bill submission. The court also agreed with the interpretation of the agreement terms governing payment and approval of the transformers, stating that the sale of spare parts is completed only upon final approval and payment. Additionally, the court supported the Tribunal's decision on the turnover of scraps for taxation purposes, accepting the assessee's explanation for the lower turnover assessment. The revision was dismissed, and no costs were awarded. en-us Tue, 17 Feb 1987 00:00:00 +0530 Wed, 04 Sep 2013 16:52:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155480 The court upheld the Tribunal's decision regarding the taxation of spare parts used for transformer repairs, affirming that the tax liability is determined upon approval of the repaired transformers, not at the time of bill submission. The court also agreed with the interpretation of the agreement terms governing payment and approval of the transformers, stating that the sale of spare parts is completed only upon final approval and payment. Additionally, the court supported the Tribunal's decision on the turnover of scraps for taxation purposes, accepting the assessee's explanation for the lower turnover assessment. The revision was dismissed, and no costs were awarded. Case-Laws VAT and Sales Tax Tue, 17 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155480