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Bombay HC on inclusion of insurance and carrying charges in ‘Sale Price’
Case Law Details
- Case Name
- The Commissioner of Sales Tax Vs. M/s. Ravi Trading Company (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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The Commissioner of Sales Tax Vs. M/s. Ravi Trading Company (Bombay High Court)
In the present case, passing of the property in goods to the buyer is at the place and time of spot delivery. After the sale is complete, even if the assessee sellor retains the possession of the goods sold and incurs the expenditure of insurance and carrying the goods at the destination of the buyer, he performs these functions in his capacity as a bailee’, as contemplated by Section 148 of the Indian Contract Act, 1872, who shall be entitled to reimbursement of such expenses from the ...
