https://www.taxtmi.com/caselaws?id=158636 A banking company may be treated as a dealer under the Karnataka Sales Tax Act, 1957 when it realises sale proceeds from pledged gold, silver articles and bullion, and may therefore be required to register for tax purposes in relation to those disposals. The matter was treated as covered by an earlier decision on a bank's registration liability, and no jurisdictional error was found in issuing the notices. The challenge failed, the notices were upheld, and time was granted for compliance with the registration-related directions. en-us Tue, 12 Sep 1995 00:00:00 +0530 Sat, 02 Nov 2013 12:44:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158636 A banking company may be treated as a dealer under the Karnataka Sales Tax Act, 1957 when it realises sale proceeds from pledged gold, silver articles and bullion, and may therefore be required to register for tax purposes in relation to those disposals. The matter was treated as covered by an earlier decision on a bank's registration liability, and no jurisdictional error was found in issuing the notices. The challenge failed, the notices were upheld, and time was granted for compliance with the registration-related directions. Case-Laws VAT and Sales Tax Tue, 12 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158636