https://www.taxtmi.com/caselaws?id=26406 In a composite sale of buses with route permits, the consideration was not confined to the vehicles alone and could be apportioned to reflect the separate value of the permits and the earning capacity of the route. The absence of a distinct permit price in the agreement was not a valid basis to reject apportionment, and if the assessee's allocation appeared unreasonable, the assessing authority had to determine a proper division of the consideration. The entire amount could not be treated as the sale price of the buses merely because the permit component was not separately stated. en-us Thu, 19 Jun 1986 00:00:00 +0530 Thu, 04 Feb 2010 17:42:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26406 In a composite sale of buses with route permits, the consideration was not confined to the vehicles alone and could be apportioned to reflect the separate value of the permits and the earning capacity of the route. The absence of a distinct permit price in the agreement was not a valid basis to reject apportionment, and if the assessee's allocation appeared unreasonable, the assessing authority had to determine a proper division of the consideration. The entire amount could not be treated as the sale price of the buses merely because the permit component was not separately stated. Case-Laws Income Tax Thu, 19 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26406