The judgment of the Supreme Court in Indian Steel and Wire Products v. State of Madras, (1968), is a…

Indian Steel and Wire Products Ltd v State of Madras, decided on 11 September 1967 and reported at AIR 1968 SC 478, concerned sales tax on supplies made under the Steel Controller's directions. The Supreme Court held that regulation did not exclude a sale where matters remained open to mutual agreement. It concerned controlled statutory transactions and contractual assent, rather than deciding the sale-versus-work distinction.