9911796707
TMI Blog2004 (7) TMI 631X X X X Extracts X X X X X X X X Extracts X X X X ..... watches. The department for the assessment year 1981-82 has rejected the certain claims of the dealer with respect to the stock transfer. The applicant before the assessing authority claimed that it is manufacturing watches for the last 4-5 years. All the sales are effected through the Head Office situate at Delhi. The watches are manufactured within the State of U.P. The stock of manufactured ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t the aforesaid judgment also covers the controversy involved in the present case. In contra the learned Standing Counsel submitted that each transaction of stock transfer should be examined on its fact. The finding recorded by the Tribunal in the present case rejecting the claim of stock transfer is a finding of fact. In Sales Tax Revision No. 1144 of 1992 this court has held that there was no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... thereafter, it was sold from Delhi Head Office to the various parties including M/s. Parikh Watch Company, Bombay. It was open to the Delhi Head Office on the receipt of the goods to sell to M/s. Parikh Watch Company, Bombay, or to any other party or the to deal with the goods as per their own choice. Merely because, there was no stock of Zerolax brand watches at Delhi Head Office on September 3, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... en the dealer with M/s. Shifco Ltd., Bombay, and has come to the conclusion that Shifco Brand watches were manufactured by the dealer in pursuance of the earlier order by M/s. Shifco Ltd., and the transfer of watches to Head Office was in pursuance of the purchase orders. This finding of fact has been confirmed by the Tribunal. The learned counsel for the applicant during the course of argument ha ..... X X X X Extracts X X X X X X X X Extracts X X X X
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