https://www.taxtmi.com/caselaws?id=160154 The court interpreted "otherwise disposed of" in Section 4-B(6) of the U.P. Sales Tax Act, 1948, holding that stock transfers do not fall under this provision. It clarified that penalties apply only when goods are sold or title transferred, not for stock transfers. The impact of the eligibility certificate exempting the revisionist from sales tax was considered, leading to the court's decision to remand the assessment year 1982-83 case for further review and refunding any penalty paid for 1983-84. Sales Tax Revision No. 1476 of 1992 was allowed for 1982-83, and Revision No. 1511 of 1992 for 1983-84 was granted with a refund of penalties. en-us Tue, 21 Dec 1999 00:00:00 +0530 Tue, 10 Dec 2013 17:17:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160154 The court interpreted "otherwise disposed of" in Section 4-B(6) of the U.P. Sales Tax Act, 1948, holding that stock transfers do not fall under this provision. It clarified that penalties apply only when goods are sold or title transferred, not for stock transfers. The impact of the eligibility certificate exempting the revisionist from sales tax was considered, leading to the court's decision to remand the assessment year 1982-83 case for further review and refunding any penalty paid for 1983-84. Sales Tax Revision No. 1476 of 1992 was allowed for 1982-83, and Revision No. 1511 of 1992 for 1983-84 was granted with a refund of penalties. Case-Laws VAT and Sales Tax Tue, 21 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160154