https://www.taxtmi.com/caselaws?id=157026 A partnership firm is treated as a distinct taxable entity from its partners under the Gujarat Sales Tax Act, 1969, and the Act contains no exception preventing the firm from buying goods from partners. Where groundnut seeds were sold by partners to the firm at market price and the consideration was credited to their accounts, the transaction was a purchase by the firm rather than a capital contribution. Because purchase tax under section 15 applies to taxable goods bought from an unregistered dealer and not resold, the value of the seeds was rightly subjected to purchase tax against the assessee. en-us Tue, 19 Jan 1993 00:00:00 +0530 Fri, 27 Sep 2013 17:29:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157026 A partnership firm is treated as a distinct taxable entity from its partners under the Gujarat Sales Tax Act, 1969, and the Act contains no exception preventing the firm from buying goods from partners. Where groundnut seeds were sold by partners to the firm at market price and the consideration was credited to their accounts, the transaction was a purchase by the firm rather than a capital contribution. Because purchase tax under section 15 applies to taxable goods bought from an unregistered dealer and not resold, the value of the seeds was rightly subjected to purchase tax against the assessee. Case-Laws VAT and Sales Tax Tue, 19 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157026