https://www.taxtmi.com/caselaws?id=161311 The court held that the rent received by the assessee for delayed return of cylinders did not amount to a transfer of the right to use the cylinders, and thus was not taxable under Section 5(1)(iii) of the Kerala General Sales Tax Act, 1963. The court set aside the orders of the appellate authorities, directing the assessing authority to revise the assessment by excluding the rent received for delayed cylinder returns. Both revision petitions were allowed, resulting in a favorable outcome for the assessee. en-us Tue, 29 Oct 2002 00:00:00 +0530 Tue, 14 Jan 2014 16:05:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161311 The court held that the rent received by the assessee for delayed return of cylinders did not amount to a transfer of the right to use the cylinders, and thus was not taxable under Section 5(1)(iii) of the Kerala General Sales Tax Act, 1963. The court set aside the orders of the appellate authorities, directing the assessing authority to revise the assessment by excluding the rent received for delayed cylinder returns. Both revision petitions were allowed, resulting in a favorable outcome for the assessee. Case-Laws VAT and Sales Tax Tue, 29 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161311