https://www.taxtmi.com/caselaws?id=236387 Under the amended sales tax definition of business, transactions connected with or incidental to trade, commerce or manufacture are taxable. The sale and transfer of DEPB licences, being linked to export activity and arising under the foreign trade policy on the basis of export volume and value, fell within that expanded definition. The court held that the transfers were not stray or isolated dealings outside the business sphere, and the absence of a separate purchase of the licences did not change their tax character. The assessee's challenge therefore failed, and the transfers were exigible to sales tax as business transactions. en-us Wed, 03 Jul 2013 00:00:00 +0530 Sat, 14 Dec 2019 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236387 Under the amended sales tax definition of business, transactions connected with or incidental to trade, commerce or manufacture are taxable. The sale and transfer of DEPB licences, being linked to export activity and arising under the foreign trade policy on the basis of export volume and value, fell within that expanded definition. The court held that the transfers were not stray or isolated dealings outside the business sphere, and the absence of a separate purchase of the licences did not change their tax character. The assessee's challenge therefore failed, and the transfers were exigible to sales tax as business transactions. Case-Laws VAT and Sales Tax Wed, 03 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236387