https://www.taxtmi.com/caselaws?id=30664 Under the Karnataka Sales Tax Act, 1957, the Court noted prima facie difficulty with treating the tripartite arrangement for construction and sale of flats as a works contract merely on that basis, particularly where the development agreement was with the landowner and was neither alleged to be sham nor supported by monetary consideration in that agreement. It observed that accepting the earlier ratio without qualification could blur the statutory distinction between a contract of sale and a works contract. The matter was therefore placed before the Chief Justice for directions on reconsideration by a larger Bench. en-us Tue, 19 Aug 2008 00:00:00 +0530 Wed, 08 Feb 2017 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30664 Under the Karnataka Sales Tax Act, 1957, the Court noted prima facie difficulty with treating the tripartite arrangement for construction and sale of flats as a works contract merely on that basis, particularly where the development agreement was with the landowner and was neither alleged to be sham nor supported by monetary consideration in that agreement. It observed that accepting the earlier ratio without qualification could blur the statutory distinction between a contract of sale and a works contract. The matter was therefore placed before the Chief Justice for directions on reconsideration by a larger Bench. Case-Laws VAT and Sales Tax Tue, 19 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30664