https://www.taxtmi.com/caselaws?id=162294 Technical know-how transferred through deputed personnel for consideration was treated as goods capable of sale under the Kerala General Sales Tax Act, because intangible property in transferable form can amount to goods when it can be transmitted or used. The Kerala High Court therefore held the tax demand sustainable against the assessee. On the accounting issue, the assessee's failure to maintain mandatory daily manufacturing accounts with quantitative details justified rejection of the books and restoration of turnover estimation, so the Revenue's addition was upheld. en-us Mon, 05 Dec 2005 00:00:00 +0530 Wed, 20 Mar 2024 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162294 Technical know-how transferred through deputed personnel for consideration was treated as goods capable of sale under the Kerala General Sales Tax Act, because intangible property in transferable form can amount to goods when it can be transmitted or used. The Kerala High Court therefore held the tax demand sustainable against the assessee. On the accounting issue, the assessee's failure to maintain mandatory daily manufacturing accounts with quantitative details justified rejection of the books and restoration of turnover estimation, so the Revenue's addition was upheld. Case-Laws VAT and Sales Tax Mon, 05 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162294