https://www.taxtmi.com/caselaws?id=160393 Freely transferable Duty Entitlement Pass Book rights with independent market value were treated as movable property and, therefore, as "goods" under the Delhi sales tax law. The analysis distinguished DEPB from an actionable claim, a mere right to sue, or money, and applied the principle that incorporeal rights capable of commercial sale can fall within the statutory definition of goods. On that basis, transfers of DEPB were held taxable, and the notifications levying tax on such transfers were upheld. en-us Tue, 24 Jul 2001 00:00:00 +0530 Tue, 06 Oct 2015 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160393 Freely transferable Duty Entitlement Pass Book rights with independent market value were treated as movable property and, therefore, as "goods" under the Delhi sales tax law. The analysis distinguished DEPB from an actionable claim, a mere right to sue, or money, and applied the principle that incorporeal rights capable of commercial sale can fall within the statutory definition of goods. On that basis, transfers of DEPB were held taxable, and the notifications levying tax on such transfers were upheld. Case-Laws VAT and Sales Tax Tue, 24 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160393