https://www.taxtmi.com/caselaws?id=159594 Sale of pledged goods through court auction machinery for recovery of a secured debt did not, on the stated facts, create sales tax liability under the Haryana General Sales Tax Act, 1973 or the Central Sales Tax Act, 1956. The governing principle applied was that a pledgee's sale is an exercise of the statutory power of sale under the Contract Act and does not change the juridical character of the transaction into a taxable sale as asserted by the revenue. The demand and recovery of sales tax on the auction proceeds could not be sustained, and the refund claim was allowed. en-us Tue, 15 Jan 1991 00:00:00 +0530 Wed, 27 Nov 2013 17:15:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159594 Sale of pledged goods through court auction machinery for recovery of a secured debt did not, on the stated facts, create sales tax liability under the Haryana General Sales Tax Act, 1973 or the Central Sales Tax Act, 1956. The governing principle applied was that a pledgee's sale is an exercise of the statutory power of sale under the Contract Act and does not change the juridical character of the transaction into a taxable sale as asserted by the revenue. The demand and recovery of sales tax on the auction proceeds could not be sustained, and the refund claim was allowed. Case-Laws VAT and Sales Tax Tue, 15 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159594