https://www.taxtmi.com/caselaws?id=301159 Materials supplied under a works contract do not constitute a taxable sale where the contract shows that ownership remains with the supplier, unused materials must be returned, and deductions from running bills operate only as accounting adjustments for execution of the work. The Court also upheld a remand for fresh assessment, noting that the assessing authority could examine additional documents after notice and that the assessee would have an opportunity to meet the material relied upon. On that basis, the supplies were treated as outside the definition of sale under the Act and the remand direction was sustained. en-us Thu, 12 Dec 1991 00:00:00 +0530 Tue, 15 Mar 2022 17:20:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301159 Materials supplied under a works contract do not constitute a taxable sale where the contract shows that ownership remains with the supplier, unused materials must be returned, and deductions from running bills operate only as accounting adjustments for execution of the work. The Court also upheld a remand for fresh assessment, noting that the assessing authority could examine additional documents after notice and that the assessee would have an opportunity to meet the material relied upon. On that basis, the supplies were treated as outside the definition of sale under the Act and the remand direction was sustained. Case-Laws VAT and Sales Tax Thu, 12 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301159