Search Results Page

Search Results

1 - 9 of 9 (0.19 seconds)

L.S. Chandramouli And Company vs The State Of Madras on 19 April, 1966

'20.Now coming to the contention that inasmuch as the pawnbroker is given liberty to bid and purchase at the sale of unredeemed goods, he cannot be deemed as a “seller” as one cannot sell the goods to himself. This contention is misconceived as the pawnbroker in such circumstance plays a dual role-one as a pawnbroker and the other as individual self. As a matter of fact, a similar question arose before the Madras High Court in L.S.Chandramouli and Company v. State of Madras [1996] 18 STC 325. In that case, the question for consideration was whether a local agent of a non-resident principal, who carried on business of his own also transfers the goods of non-resident principal to his own business can be considered as a transaction of sale chargeable to tax. The learned Judges overruling a similar contention held that the concerned agent held two different capacities-one as an agent of a non-resident principal-and the other as proprietor of his own business, two different identities altogether, while transferring the goods of the non-resident https://www.mhc.tn.gov.in/judis W.P.Nos.11208, 11209, 11210, 11211, 11212 & 11213 of 2008 principal to himself, he not only acted as agent of his non-
Madras High Court Cites 0 - Cited by 7 - Full Document
1