https://www.taxtmi.com/caselaws?id=345993 The High Court of Madras ruled in favor of the petitioner in a writ petition concerning the validity of an agency agreement for consignment transactions. Emphasizing the importance of documentary evidence and the nature of transactions over formalities, the Court set aside the impugned order and directed the adjustment of taxes paid in subsequent assessments. The judgment clarified that a written agency agreement is not strictly required under the Central Sales Tax Act, advocating for a liberal interpretation of relevant forms to promote inter-state trade in consignment sales. en-us Thu, 20 Jul 2017 00:00:00 +0530 Tue, 01 Aug 2017 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345993 The High Court of Madras ruled in favor of the petitioner in a writ petition concerning the validity of an agency agreement for consignment transactions. Emphasizing the importance of documentary evidence and the nature of transactions over formalities, the Court set aside the impugned order and directed the adjustment of taxes paid in subsequent assessments. The judgment clarified that a written agency agreement is not strictly required under the Central Sales Tax Act, advocating for a liberal interpretation of relevant forms to promote inter-state trade in consignment sales. Case-Laws VAT and Sales Tax Thu, 20 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345993