Podcast
Questions and Answers
What was the key clarification regarding immovable property in the IOCL case?
What was the key clarification regarding immovable property in the IOCL case?
- Immovable property is determined by its legal ownership status.
- Immovable property is attached to the earth and cannot be dismantled.
- Immovable property is determined by whether it can be dismantled and reassembled. (correct)
- Immovable property is defined by its size and weight.
Which of the following is NOT a characteristic of goods?
Which of the following is NOT a characteristic of goods?
- Goods must be tangible. (correct)
- Goods can be intangible.
- Goods must be capable of being bought and sold.
- Goods must be capable of being transmitted or transferred.
What three-pronged test was laid down by the Supreme Court in the TCS v. State of Andhra Pradesh case to determine if an article is considered goods?
What three-pronged test was laid down by the Supreme Court in the TCS v. State of Andhra Pradesh case to determine if an article is considered goods?
- Legality, tradability, and durability.
- Tangibility, exchangeability, and processability.
- Utility, capability of being bought and sold, and capability of being transmitted or transferred. (correct)
- Utility, transferability, and storability.
Is consideration necessary for the assessment of GST?
Is consideration necessary for the assessment of GST?
Which of the following cases discussed the definition of 'goods' concerning intangibility?
Which of the following cases discussed the definition of 'goods' concerning intangibility?
What is the legal definition of 'goods' according to Article 366(12)?
What is the legal definition of 'goods' according to Article 366(12)?
In the case of TCS v. State of Andhra Pradesh, what was the question being addressed?
In the case of TCS v. State of Andhra Pradesh, what was the question being addressed?
Which of the following statements is correct?
Which of the following statements is correct?
What was the significance of the BSNL v. UOI case regarding the definition of 'goods'?
What was the significance of the BSNL v. UOI case regarding the definition of 'goods'?
Which of the following statements is NOT true?
Which of the following statements is NOT true?
