https://www.taxtmi.com/caselaws?id=163665 The High Court held that the compensation amount paid by the petitioner for goods found short in the godown managed for TISCO should not be considered as turnover under the Kerala General Sales Tax Act, 1963. The Court accepted the petitioner's role as a godown keeper, not a consignment agent, based on a certificate from TISCO. The compensation payment was deemed unrelated to sales turnover but rather attributed to godown management lapses. Consequently, the addition to turnover was canceled, as the compensation did not reflect sales and did not warrant the rejection of the petitioner's trading accounts. en-us Tue, 11 Jul 2006 00:00:00 +0530 Mon, 07 Apr 2014 11:59:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163665 The High Court held that the compensation amount paid by the petitioner for goods found short in the godown managed for TISCO should not be considered as turnover under the Kerala General Sales Tax Act, 1963. The Court accepted the petitioner's role as a godown keeper, not a consignment agent, based on a certificate from TISCO. The compensation payment was deemed unrelated to sales turnover but rather attributed to godown management lapses. Consequently, the addition to turnover was canceled, as the compensation did not reflect sales and did not warrant the rejection of the petitioner's trading accounts. Case-Laws VAT and Sales Tax Tue, 11 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163665