Sales incomplete till goods delivery unless insurable risk passes to buyer.
December 4, 2016
Income Tax, ITAT, Judgments
Sales incomplete till goods delivery unless insurable risk passes to buyer. FOR destination basis sales invoice reversal for goods in transit at the year end valid-ITAT In a recent judgment, ITAT Madras (Chennai) held that sales is incomplete till goods delivery unless insurable risk passes to buyer. ABCAUS …