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2022 (11) TMI 146 - HC - VAT and Sales TaxValidity of assessment order - sale on loan transaction - alleged stock transfer effected by the Petitioner - petitioner was unable to produce any evidence as a conclusive proof - HELD THAT:- The definition of 'sale' in Section 2(g) of the Central Sales Tax Act, 1956 has been given in a very wide interpretation - To hold to state that there was no “sale” on account of loan transactions, the documents of the petitioner should have clearly established the same. In this case, they have not established the same. The order of the Tribunal is well reasoned and does not suffer from any infirmity. It requires no interference. That apart, the Assesee has neither produced any contract nor the agreement to prove the contention that there was a loan transaction. The Tribunal being the ultimate fact finding authority, finding arrived by it cannot be interfered. The petition is dismissed.
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