https://www.taxtmi.com/caselaws?id=159317 A shipping company's isolated sale of a ship held as a capital asset was not liable to sales tax when the transaction was unconnected with its ordinary passenger and cargo business and occurred before the statutory expansion of dealer and business liability on 16 August 1985. The prevailing trade circulars and earlier judicial view treated such capital asset disposals as outside sales tax net for that period, and later curative and relief measures also supported non-leviability where no tax had been separately collected. en-us Tue, 23 Dec 1997 00:00:00 +0530 Wed, 20 Nov 2013 15:44:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159317 A shipping company's isolated sale of a ship held as a capital asset was not liable to sales tax when the transaction was unconnected with its ordinary passenger and cargo business and occurred before the statutory expansion of dealer and business liability on 16 August 1985. The prevailing trade circulars and earlier judicial view treated such capital asset disposals as outside sales tax net for that period, and later curative and relief measures also supported non-leviability where no tax had been separately collected. Case-Laws VAT and Sales Tax Tue, 23 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159317