https://www.taxtmi.com/caselaws?id=55094 A co-operative society formed under a regulated Government scheme for Shanker-4 cotton-seeds was treated as carrying on business where its bye-laws authorised purchase, production, transformation and sale, and the record showed regular purchase and sale entries, sale bills, commission or administrative deductions, and credit of balances to members' accounts. The Government's control over price and supply did not change the commercial character of the transactions, so the society was regarded as a dealer under the Gujarat Sales Tax Act. Penalties for non-registration and delayed tax payment were, however, removed because the society acted under a bona fide belief that registration was unnecessary and there was no deliberate contumacy. en-us Wed, 30 Jun 1976 00:00:00 +0530 Tue, 23 Nov 2010 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55094 A co-operative society formed under a regulated Government scheme for Shanker-4 cotton-seeds was treated as carrying on business where its bye-laws authorised purchase, production, transformation and sale, and the record showed regular purchase and sale entries, sale bills, commission or administrative deductions, and credit of balances to members' accounts. The Government's control over price and supply did not change the commercial character of the transactions, so the society was regarded as a dealer under the Gujarat Sales Tax Act. Penalties for non-registration and delayed tax payment were, however, removed because the society acted under a bona fide belief that registration was unnecessary and there was no deliberate contumacy. Case-Laws Income Tax Wed, 30 Jun 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55094