https://www.taxtmi.com/caselaws?id=160736 Receipts from the sale of salvaged tea were treated as taxable in the assessee's hands because the assessee took possession of damaged tea, carried out the salvage and sale through its own unit, and completed the transactions within the State. The fact that some purchasers were outside the State did not alter the character of the sales, and the assessee did not establish that the insurance company bore the tax liability. Penalty for non-disclosure was also sustained because the sale proceeds were omitted from the books, detected on verification, and the suppression of material facts was found to justify the penalty within the statutory limit. en-us Tue, 12 Jan 1999 00:00:00 +0530 Mon, 23 Dec 2013 18:22:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160736 Receipts from the sale of salvaged tea were treated as taxable in the assessee's hands because the assessee took possession of damaged tea, carried out the salvage and sale through its own unit, and completed the transactions within the State. The fact that some purchasers were outside the State did not alter the character of the sales, and the assessee did not establish that the insurance company bore the tax liability. Penalty for non-disclosure was also sustained because the sale proceeds were omitted from the books, detected on verification, and the suppression of material facts was found to justify the penalty within the statutory limit. Case-Laws VAT and Sales Tax Tue, 12 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160736