https://www.taxtmi.com/caselaws?id=256563 Hire purchase receipts, including hire premium and allied charges, were treated as part of the full consideration for the transaction and therefore includible in the taxable sale price under the Bombay Sales Tax Act, 1959. The resale claim under section 8 was held unavailable because the statutory definition of resale, as modified by the Explanation to section 2(26), excludes goods sold by a seller who holds the relevant trade mark or patent in respect of those goods. The Court applied the plain statutory language and declined to import a trade mark exhaustion doctrine from general intellectual property law. en-us Fri, 30 Jan 2015 00:00:00 +0530 Tue, 20 Oct 2015 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256563 Hire purchase receipts, including hire premium and allied charges, were treated as part of the full consideration for the transaction and therefore includible in the taxable sale price under the Bombay Sales Tax Act, 1959. The resale claim under section 8 was held unavailable because the statutory definition of resale, as modified by the Explanation to section 2(26), excludes goods sold by a seller who holds the relevant trade mark or patent in respect of those goods. The Court applied the plain statutory language and declined to import a trade mark exhaustion doctrine from general intellectual property law. Case-Laws VAT and Sales Tax Fri, 30 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256563