1978 (5) TMI 111

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... on the business, inter alia, of manufacture and sale of bricks. For the assessment year 1958-59, it returned an amount of Rs. 28,141.96 in its returns but with a note that this amount was not liable to sales tax because it was received by way of compensation. The assessing authority did not accept this submission and brought a sum of Rs. 47,173.45 to tax. This view was upheld in appeal as well as....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....een the parties which were referred to arbitration. The arbitrator held that the price of bricks sold by the contractor was Rs. 35,173.45. It was also held that the contractor had spent about Rs. 7,000 on wages, etc., and was liable to pay Rs. 28,141.96 to the assessee-society on account of the bricks manufactured and sold by the contractor. Under the arrangement with the contractor, the assess....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....essee sold bricks through the contractor on deferred payment basis. Such a transaction would be covered within the meaning of the term "turnover". The assessee sold these bricks through the contractor on deferred payment basis. It was held entitled to receive the amount of Rs. 35,173.45 as price of the bricks. On facts, it has been found that this amount was not awarded to the assessee by way o....