https://www.taxtmi.com/caselaws?id=431479 The Court quashed the orders of the Commercial Taxes Tribunal, Joint Commissioner of Commercial Taxes (Appeal), and Assistant Commissioner of Commercial Taxes, which rejected the 'Transit Sale' claim and levied tax on the transactions. The Court clarified that pre-existing contracts do not disqualify transactions as 'Transit Sales' and emphasized that the focus should be on the actual transfer of title during transit. The Court directed the revenue to refund the tax amount paid by the petitioner and reaffirmed the correct legal interpretation of 'Transit Sales' under the CST Act. en-us Thu, 08 Dec 2022 00:00:00 +0530 Thu, 15 Dec 2022 09:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431479 The Court quashed the orders of the Commercial Taxes Tribunal, Joint Commissioner of Commercial Taxes (Appeal), and Assistant Commissioner of Commercial Taxes, which rejected the 'Transit Sale' claim and levied tax on the transactions. The Court clarified that pre-existing contracts do not disqualify transactions as 'Transit Sales' and emphasized that the focus should be on the actual transfer of title during transit. The Court directed the revenue to refund the tax amount paid by the petitioner and reaffirmed the correct legal interpretation of 'Transit Sales' under the CST Act. Case-Laws VAT and Sales Tax Thu, 08 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431479