https://www.taxtmi.com/caselaws?id=156619 Transactions between a co-operative society and its members were examined to determine whether unginned cotton supplied by members, then ginned, crushed and sold by the society, amounted to sales and purchases. The bye-laws showed that the society acted only on behalf of its members, did not acquire property in the goods, and any loss from the transactions was borne proportionately by the members. That structure was treated as consistent with agency and inconsistent with a sale. The society's registration also carried a condition against dealing on its own account, and there was no breach of that condition. The arrangement was therefore characterised as agency, not sale. en-us Thu, 13 Jun 1991 00:00:00 +0530 Mon, 23 Sep 2013 11:05:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156619 Transactions between a co-operative society and its members were examined to determine whether unginned cotton supplied by members, then ginned, crushed and sold by the society, amounted to sales and purchases. The bye-laws showed that the society acted only on behalf of its members, did not acquire property in the goods, and any loss from the transactions was borne proportionately by the members. That structure was treated as consistent with agency and inconsistent with a sale. The society's registration also carried a condition against dealing on its own account, and there was no breach of that condition. The arrangement was therefore characterised as agency, not sale. Case-Laws VAT and Sales Tax Thu, 13 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156619