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SourceLaw Dictionary Browse Letter R

Resale

Legal definition for Indian law research

Definition

Resale, a second sale.

Resale, means a sale of purchased goods

(i) in the same form in which they were purchased; or

(ii) without using them in the manufacture of any goods or without doing anything to them which amounts to or results in, a manufacture. [The Gujarat Value Added Tax Act, 2003, s. 2(21)]

Means a sale of purchased goods

(i) in the same form in which they were purchased; or

(ii) without doing anything to them which amounts to, or results in, a manufacture, and the word 'resell' shall be construed accordingly. [The Maharashtra Value Added Tax Act, 2002, s. 2(22)]

Means a sale that has finalised and has resulted in passing the judgment-debtor's property to the purchaser. If a sale, on objections having been raised or because of the necessary deposit having been made by the judgment-debtor, is set aside, it should be regarded as having never taken place, Shri Ram Jogutram v. Dev Barat L. Biharilal, AIR 1956 Pepsu 102.

Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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