https://www.taxtmi.com/caselaws?id=353603 A scheme of arrangement transferred assets only from the effective date because the scheme linked actual transfer and vesting to that date, while the appointed date governed only inter se accounting arrangements. For levy of tax on the transfer of the right to use machinery under Section 3-F of the U.P. Trade Tax Act, 1948, the decisive event is execution of the contract conferring that right. The mere presence of the machinery in Uttar Pradesh does not determine the tax situs; where the agreement was executed outside the State, the taxable event arose outside Uttar Pradesh and no tax was attracted there. en-us Mon, 27 Nov 2017 00:00:00 +0530 Tue, 09 Jan 2018 08:12:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353603 A scheme of arrangement transferred assets only from the effective date because the scheme linked actual transfer and vesting to that date, while the appointed date governed only inter se accounting arrangements. For levy of tax on the transfer of the right to use machinery under Section 3-F of the U.P. Trade Tax Act, 1948, the decisive event is execution of the contract conferring that right. The mere presence of the machinery in Uttar Pradesh does not determine the tax situs; where the agreement was executed outside the State, the taxable event arose outside Uttar Pradesh and no tax was attracted there. Case-Laws VAT and Sales Tax Mon, 27 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353603