https://www.taxtmi.com/caselaws?id=160997 Delivery of machinery under a delivery challan, with the price to be settled later and the sale invoice raised subsequently, was treated as a completed sale for tax purposes once property in the goods passed on delivery. Section 2(n) of the Tamil Nadu General Sales Tax Act, 1959 recognises a sale where goods are transferred for cash, deferred payment, or other valuable consideration, and the absence of immediate invoicing did not negate that transfer. The turnover was therefore includible in the taxable turnover for the relevant assessment year, and deferred price fixation did not prevent taxation where delivery and contractual obligation to pay were established. en-us Wed, 18 Apr 2001 00:00:00 +0530 Sat, 28 Dec 2013 11:45:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160997 Delivery of machinery under a delivery challan, with the price to be settled later and the sale invoice raised subsequently, was treated as a completed sale for tax purposes once property in the goods passed on delivery. Section 2(n) of the Tamil Nadu General Sales Tax Act, 1959 recognises a sale where goods are transferred for cash, deferred payment, or other valuable consideration, and the absence of immediate invoicing did not negate that transfer. The turnover was therefore includible in the taxable turnover for the relevant assessment year, and deferred price fixation did not prevent taxation where delivery and contractual obligation to pay were established. Case-Laws VAT and Sales Tax Wed, 18 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160997