https://www.taxtmi.com/caselaws?id=429722 A dealer claiming that aluminium wire rod moved on a loan basis must prove the arrangement by cogent documentary evidence, including the loan terms and return of goods. On the facts found, the assessee produced no adequate proof of a genuine loan transaction, and the Tribunal treated the dispatch and receipt of goods as independent transactions. The wide definition of "sale" under Section 2(g) of the Central Sales Tax Act, 1956 was applied to hold the movement taxable as a sale. The High Court found no perversity in the Tribunal's factual findings and declined to interfere. en-us Wed, 21 Sep 2022 00:00:00 +0530 Fri, 04 Nov 2022 08:50:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429722 A dealer claiming that aluminium wire rod moved on a loan basis must prove the arrangement by cogent documentary evidence, including the loan terms and return of goods. On the facts found, the assessee produced no adequate proof of a genuine loan transaction, and the Tribunal treated the dispatch and receipt of goods as independent transactions. The wide definition of "sale" under Section 2(g) of the Central Sales Tax Act, 1956 was applied to hold the movement taxable as a sale. The High Court found no perversity in the Tribunal's factual findings and declined to interfere. Case-Laws VAT and Sales Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429722