Supreme Court of India
K. L. Johar and Company v. Deputy Commercial Tax Officer
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
2 Supreme Court benches have cited this judgment.
From the headnote
Madras General Sales Tax Act IX of 1939, Explanation I to s. 2(h) Hlre-purchase transactions included in term 'sale'-Validity of Explana tlon--Prlce of vehicles for purposes of tax how . to be fixed-Sale when completed. · The appellant carried on hire-purchase business in Motor vehicles. The course of business was that the price of the vehicle would be paid by the appellant to the motor dealer and the vehicle would be hired out to the intending purchaser. The latter had to pay the hire money in instalments and when all the instal ments according to the agreement had been paid, he would
Where later benches applied it
- 2023 M/s. Muthoot Leasing and Finance Limited and Another v. Commissioner of Income Tax
- 2010 Association of Leasing and Financial Service Companies v. Union of India and Ors.
Of those, 2 referred to
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