https://www.taxtmi.com/caselaws?id=211614 Goods sold through e-auction were treated as condemned iron and steel scrap, not functional plant and machinery, where the sale documents described the subject matter as rejected, obsolete and secondary arisings and the surrounding facts showed dismantling and transport as scrap. The acceptance letter's reference to plant and machinery did not alter the character of the transaction because it was linked to the e-auction terms and the total value of scrap. On that basis, the applicable tax rate was 4% and the higher levy with surcharge was not sustainable. en-us Wed, 16 Mar 2011 00:00:00 +0530 Tue, 27 Mar 2012 08:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211614 Goods sold through e-auction were treated as condemned iron and steel scrap, not functional plant and machinery, where the sale documents described the subject matter as rejected, obsolete and secondary arisings and the surrounding facts showed dismantling and transport as scrap. The acceptance letter's reference to plant and machinery did not alter the character of the transaction because it was linked to the e-auction terms and the total value of scrap. On that basis, the applicable tax rate was 4% and the higher levy with surcharge was not sustainable. Case-Laws VAT and Sales Tax Wed, 16 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211614