1992 (2) TMI 350 - HC - VAT and Sales Tax

Summary

The High Court of Delhi ruled that the utilization of vehicles on hire-purchase basis before actual sales did not render the second proviso to section 5(2)(a)(ii) of the Bengal Finance (Sales Tax) Act applicable. The Tribunal held that hire-purchase agreements constituted sales under the law, thus the dealer did not misuse their registration certificate. The Court affirmed the Tribunal's decision, stating that the dealer did not violate the law.