https://www.taxtmi.com/caselaws?id=268618 Printing annual reports exclusively for identified customers on their specifications was treated as a works contract because the finished product had no open-market marketability and the parties intended execution of specialised printing work rather than a taxable sale. The incidental transfer of paper used in performing the job did not change the character of the transaction into a sale. As the principal transaction was not exigible to tax, penalty proceedings founded on the same assessment could not survive. en-us Tue, 17 Feb 2015 00:00:00 +0530 Mon, 30 Nov 2015 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268618 Printing annual reports exclusively for identified customers on their specifications was treated as a works contract because the finished product had no open-market marketability and the parties intended execution of specialised printing work rather than a taxable sale. The incidental transfer of paper used in performing the job did not change the character of the transaction into a sale. As the principal transaction was not exigible to tax, penalty proceedings founded on the same assessment could not survive. Case-Laws VAT and Sales Tax Tue, 17 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268618