https://www.taxtmi.com/caselaws?id=374675 Free replacement of defective spare parts during the warranty period raised the question whether the transaction involved taxable sales tax liability or only a replacement without consideration, especially where credit notes were issued to the dealer. The Court noted conflicting prior approaches and expressed reservations about the reasoning in the precedent relied on by the Revenue. Because the controversy turned on the nature of consideration, the effect of warranty arrangements, and the tax treatment of such replacements, the Court declined to finally decide the issue and directed that the matter be placed before the Chief Justice for consideration by a larger Bench. en-us Tue, 05 Feb 2019 00:00:00 +0530 Mon, 26 Aug 2019 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374675 Free replacement of defective spare parts during the warranty period raised the question whether the transaction involved taxable sales tax liability or only a replacement without consideration, especially where credit notes were issued to the dealer. The Court noted conflicting prior approaches and expressed reservations about the reasoning in the precedent relied on by the Revenue. Because the controversy turned on the nature of consideration, the effect of warranty arrangements, and the tax treatment of such replacements, the Court declined to finally decide the issue and directed that the matter be placed before the Chief Justice for consideration by a larger Bench. Case-Laws VAT and Sales Tax Tue, 05 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374675