https://www.taxtmi.com/caselaws?id=163073 Materials supplied to contractors and paid for by deductions from running bills were treated as a sale under the U.P. Trade Tax Act because the value of cement, steel, steel products and bitumen was deducted from contractor payments, and that legal character was upheld. The turnover estimate was not properly determined because the relevant material was not examined; opening stock, outside-State purchases and closing stock had to be considered for each assessment year before making a best judgment estimate. The matter was therefore remanded for fresh consideration on turnover, while the sale character of the supply remained affirmed. en-us Tue, 25 Sep 2007 00:00:00 +0530 Thu, 25 Dec 2014 20:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163073 Materials supplied to contractors and paid for by deductions from running bills were treated as a sale under the U.P. Trade Tax Act because the value of cement, steel, steel products and bitumen was deducted from contractor payments, and that legal character was upheld. The turnover estimate was not properly determined because the relevant material was not examined; opening stock, outside-State purchases and closing stock had to be considered for each assessment year before making a best judgment estimate. The matter was therefore remanded for fresh consideration on turnover, while the sale character of the supply remained affirmed. Case-Laws VAT and Sales Tax Tue, 25 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163073