https://www.taxtmi.com/caselaws?id=159649 Auction sales of unredeemed pledged gold by private financiers were treated as taxable business transactions because the pawnee, having possession and authority to transfer title, answered the description of a seller and dealer under the sales tax law. The pawner's role was limited to redemption before completion of the sale. Activity incidental or ancillary to the main business was also held to fall within the concept of business for sales tax purposes. On that reasoning, the levy on such auction sales was upheld, and the constitutional challenge to the amended provision did not succeed. en-us Mon, 02 Aug 1999 00:00:00 +0530 Thu, 28 Nov 2013 17:15:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159649 Auction sales of unredeemed pledged gold by private financiers were treated as taxable business transactions because the pawnee, having possession and authority to transfer title, answered the description of a seller and dealer under the sales tax law. The pawner's role was limited to redemption before completion of the sale. Activity incidental or ancillary to the main business was also held to fall within the concept of business for sales tax purposes. On that reasoning, the levy on such auction sales was upheld, and the constitutional challenge to the amended provision did not succeed. Case-Laws VAT and Sales Tax Mon, 02 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159649