https://www.taxtmi.com/caselaws?id=163227 A transaction for manufacture and supply of mustard oil was treated as a principal-to-principal sale, not job work, because the manufacturer retained ownership of the raw material and finished goods until sale, could supply excess quantity to others, and bore independent contractual risk; the dealer was therefore not liable as first seller on that basis. The turnover relating to plant and machinery under the contract was also held not taxable under the U.P. Trade Tax Act, since the goods component was separately identifiable and, in any event, the levy on works contracts had not become operative for the relevant assessment year. The Tribunal's deletion of tax was sustained. en-us Thu, 22 Feb 2007 00:00:00 +0530 Wed, 26 Mar 2014 10:02:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163227 A transaction for manufacture and supply of mustard oil was treated as a principal-to-principal sale, not job work, because the manufacturer retained ownership of the raw material and finished goods until sale, could supply excess quantity to others, and bore independent contractual risk; the dealer was therefore not liable as first seller on that basis. The turnover relating to plant and machinery under the contract was also held not taxable under the U.P. Trade Tax Act, since the goods component was separately identifiable and, in any event, the levy on works contracts had not become operative for the relevant assessment year. The Tribunal's deletion of tax was sustained. Case-Laws VAT and Sales Tax Thu, 22 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163227