https://www.taxtmi.com/caselaws?id=169017 A one-time sale of a used car by a timber dealer was held not to be taxable business turnover under the Karnataka Value Added Tax Act because it was unconnected with the assessee's regular business and lacked the indicia of business activity, including volume, frequency, continuity, regularity and profit motive. Although the statutory definition of dealer includes a casual trader, occasional transactions must still be of a business nature; a solitary disposal of a vehicle does not satisfy that test. The tax liability on the isolated sale was therefore deleted and the assessee was not treated as either a dealer or a casual dealer under the Act. en-us Thu, 03 Jul 2014 00:00:00 +0530 Mon, 06 Apr 2015 21:05:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169017 A one-time sale of a used car by a timber dealer was held not to be taxable business turnover under the Karnataka Value Added Tax Act because it was unconnected with the assessee's regular business and lacked the indicia of business activity, including volume, frequency, continuity, regularity and profit motive. Although the statutory definition of dealer includes a casual trader, occasional transactions must still be of a business nature; a solitary disposal of a vehicle does not satisfy that test. The tax liability on the isolated sale was therefore deleted and the assessee was not treated as either a dealer or a casual dealer under the Act. Case-Laws VAT and Sales Tax Thu, 03 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169017