Transfer of Right to use Vessel is deemed sales & taxable in concerned State

The Great Eastern Shipping Co. Ltd. Vs State of Karnataka & Ors. (Supreme Court of India) Transfer of Right to use the Vessel was a deemed sales liable to be taxed in the concerned State Conclusion: Charter Party Agreement making available the services of vessel by assessee-company to Port trust would tantamount to a deemed sale as there was a transfer of right to use the vessel as provided in Article 366(29A)(d) read with section 5C or section 2(j) of the Karnataka Sales Tax Act. Thus, the transaction was liable to be taxed by the concerned authorities in the State of Karnataka. Held: Ass...