Bombay High Court Upholds Tribunal's Decision That Insurance Charges Not Part of Sale Price Under CST Act — Parties' Intention Governs Includibility. The court held that insurance charges collected separately and not intended by parties to be part of sale price are not includible under section 2(h) of the Central Sales Tax Act, 1956.
18 Jun 2010The case involves a reference under section 61(1) of the Bombay Sales Tax Act, 1959, by the Sales Tax Appellate Tribunal, Mumbai, seeking the High Cou...
