https://www.taxtmi.com/caselaws?id=155986 An insurance company's sale of salvaged goods, after settling claims and taking possession of damaged goods, was treated as incidental and ancillary to its insurance business under the Karnataka Sales Tax Act, 1957. The Court held that the statutory definition of "business" is inclusive and extends beyond principal trading activity to transactions connected with, or ancillary to, the main business. Because the disposal of salvage arose directly from claim settlement and recovery of value from damaged goods, it formed part of business for sales tax purposes. The company was therefore regarded as a dealer and was liable to registration and tax on the sale of salvaged goods. en-us Fri, 10 Nov 1989 00:00:00 +0530 Wed, 11 Sep 2013 16:14:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155986 An insurance company's sale of salvaged goods, after settling claims and taking possession of damaged goods, was treated as incidental and ancillary to its insurance business under the Karnataka Sales Tax Act, 1957. The Court held that the statutory definition of "business" is inclusive and extends beyond principal trading activity to transactions connected with, or ancillary to, the main business. Because the disposal of salvage arose directly from claim settlement and recovery of value from damaged goods, it formed part of business for sales tax purposes. The company was therefore regarded as a dealer and was liable to registration and tax on the sale of salvaged goods. Case-Laws VAT and Sales Tax Fri, 10 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155986