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2010 (7) TMI 920 - HC - VAT and Sales TaxWhether the value of the goods received by stock transfer by the assessee from its office outside U.P. and used in execution of the works contract is covered by section 3 of the Central Sales Tax Act and is deductable from the net taxable turnover? Held that:- The goods received by the assessee in U.P. by way of stock transfer from its branch outside U.P. and consumed for execution of a pre-existing works contract amounts to sale or purchase of goods in the course of inter-State trade or commerce which is covered under section 3 of the Central Sales Tax Act. The value of such goods is therefore liable to be deducted under section 3F(2)(b)(i) of the Act from the net turnover of the assessee. Accordingly, there is no error of law in the impugned order of the Tribunal. The question raised in these revisions is answered accordingly, in favour of the assessee and against the Revenue.
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