from the reading of the above clauses of the
agreement the deferred consideration is payable over a period of four
years ... respondent-
assessee as deferred consideration. The consideration of Rs.20 crores is
not an assured consideration to be received by the Shete family
Sh. Purshotam Kumar, Yamunanagar vs Assessee on 17 August, 2016
IN THE INCOME TAX APPELLATE
specified period) for cash or for deferred payment or other valuable consideration;
(ix) a railway container contractor, an air cargo operator, a courier service provider ... whether or not for a specified period) for cash, deferred payment or other valuable consideration without the transfer of ownership and includes a sub-lease
intoxicating), where such supply or service is for cash, deferred payment or other valuable consideration; Explanation I. - A society (including a co-operative society, club ... Government or a State Government for cash or for deferred payment or other valuable consideration whether or not in the course of business shall
intoxicating for supply or service,
for cash or deferred payment or valuable consideration would amount to
deemed sale. According to Mr. Vasdev, the earlier decisions ... body of persons to its members by way of
cash, deferred payment or valuable consideration. Such transactions are
treated and regarded as sales. The decisions
buys such
goods for consideration paid or promised or partly paid or partly promised,
or under any system of deferred payment, when such ... consideration; it is
immaterial whether the consideration is paid or promised, or partly paid
and partly promised, or whether the payment of consideration is deferred
contract, of property in any goods for cash, deferred payment or other valuable consideration; (ii) a transfer of property in goods whether as goods ... body of persons to a member thereof for cash, deferred payment or other valuable consideration; (v) a supply, by way of or as part
intoxicating), where such supply or service is for cash, deferred payment or other valuable consideration; Explanation I. - A society (including a co-operative society, club ... Government or a State Government for cash or for deferred payment or other valuable consideration whether or not in the course of business shall
contract,
of property in any goods for cash, deferred payment or
other valuable consideration;
(ii) a transfer of property in goods (whether as
goods ... whether or not for a specified period) for cash,
deferred payment or other valuable consideration;
(v) a supply of goods by any unincorporated
association
contract, of property in any goods for cash, deferred payment or other valuable consideration; (ii) a transfer of property in goods whether as goods ... body of persons to a member thereof for cash, deferred payment or other valuable consideration; (v) a supply, by way of or as part
