https://www.taxtmi.com/caselaws?id=156221 Sale proceeds from an elephant were treated as proceeds from goods, but inclusion in taxable turnover depended on whether the transaction formed part of the assessee's business. As there was no finding that the elephant was a business asset, the broader definition of business did not, by itself, bring the sale within taxable turnover. The sale proceeds were therefore not includible in taxable turnover, and the revision failed. en-us Fri, 19 Jan 1990 00:00:00 +0530 Mon, 16 Sep 2013 16:06:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156221 Sale proceeds from an elephant were treated as proceeds from goods, but inclusion in taxable turnover depended on whether the transaction formed part of the assessee's business. As there was no finding that the elephant was a business asset, the broader definition of business did not, by itself, bring the sale within taxable turnover. The sale proceeds were therefore not includible in taxable turnover, and the revision failed. Case-Laws VAT and Sales Tax Fri, 19 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156221