https://www.taxtmi.com/caselaws?id=155905 Inter-State sales tax applied only where the movement of goods was occasioned by a concluded contract of sale; here, the correspondence showed no firm purchase contract, the goods were first sent to the assessee's own Calcutta office, entered in stock, and sold thereafter, so the transfer was treated as a stock transfer and not taxable as inter-State sales. On the refund issue, once the assessee became entitled to repayment of the withheld tax amount, statutory interest followed on the refunded sum from the prescribed date. The tax demand was set aside and the refund claim succeeded with simple interest at 12% per annum. en-us Wed, 21 Mar 1990 00:00:00 +0530 Tue, 10 Sep 2013 17:01:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155905 Inter-State sales tax applied only where the movement of goods was occasioned by a concluded contract of sale; here, the correspondence showed no firm purchase contract, the goods were first sent to the assessee's own Calcutta office, entered in stock, and sold thereafter, so the transfer was treated as a stock transfer and not taxable as inter-State sales. On the refund issue, once the assessee became entitled to repayment of the withheld tax amount, statutory interest followed on the refunded sum from the prescribed date. The tax demand was set aside and the refund claim succeeded with simple interest at 12% per annum. Case-Laws VAT and Sales Tax Wed, 21 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155905