The Commissioner of Income Tax IV vs. New Bombay Goods Transport

269 and 286 of the Constitution, was beyond the legislative competence of a State legislature to tax. [State of A.P. and others vs. National Thermal Power Corporation Ltd. and others[27]; S.R. Sarkar26; 20th Century Finance Corporation Ltd. vs. State of Maharashtra[28]]. 27. Section 4 of the CST Act explained when a sale or purchase of goods was said

Khorshed Shapoor Chenai vs. Asst.Commissioner of Income Tax,

Appeal stands disposed of setting aside the impugned

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

transfer the right, title and interest in the 8 flats to be constructed as also the basement, the money received by the appellant would be treated as a loan advanced, to be repaid with interest @18% per annum compounded quarterly. 15. Canara Bank instituted a suit seeking specific performance of the agreement Ex.P-1, pleading that the same was an agreement