Supreme Court of India
Jay Bharat Credit and Investment Co. Ltd. Etc. Etc v. Commissioner of Sales-tax and Anr.
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.
What the Court ordered
For the aforesaid reasons, we affirm the decision of the High Court and dismiss these appeals.
Judgment, page 13
From the headnote
Sales Tax-Bengal Finance (Sales Tax) Act, 1941-As amended w.e.f 1.10.1959-As extended to Union Territory of Delhi-Hire purchase transac tion-Whether sale price would include hire charges-Held, Yes. Sales Tax-Bengal Financial (Sales Tax) Act, 1941-As applicable to Union Territory of Delhi-Sale of Goods Act, 1950-Sections 2(g), 2(h) lncidence of Tax in hire purchase transaction-Held, takes place when there is transfer of goods, not when there is transfer of property in goods. Words and Phrases-Sale-Meaning of Appellants were carrying on the business of hire purchase by enter ing into
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