https://www.taxtmi.com/caselaws?id=245858 Accommodation invoices raised for bill discounting, without proof of actual transfer of goods, real sale, or movement of goods, were held not to constitute taxable sales under the Tamil Nadu General Sales Tax Act, 1959. The assessee relied on bank correspondence, supplier affidavits, absence of stock at inspection, and book entries treating the transactions as loans. On that material, the assessment and penalty could not be sustained, and the tribunal's contrary view was set aside. en-us Fri, 21 Mar 2014 00:00:00 +0530 Mon, 27 Jul 2015 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245858 Accommodation invoices raised for bill discounting, without proof of actual transfer of goods, real sale, or movement of goods, were held not to constitute taxable sales under the Tamil Nadu General Sales Tax Act, 1959. The assessee relied on bank correspondence, supplier affidavits, absence of stock at inspection, and book entries treating the transactions as loans. On that material, the assessment and penalty could not be sustained, and the tribunal's contrary view was set aside. Case-Laws VAT and Sales Tax Fri, 21 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245858