1975 (3) TMI 117

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..... r section 12(3) of the Madras General Sales Tax Act, 1959. On an appeal preferred by the petitioners, the Appellate Assistant Commissioner remanded the case for a fresh disposal. After remand, the assessing officer held that, except in respect of three transactions, the petitioners had proved that the other transactions were not liable to sales tax. The three transactions which were disputed were .....

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..... loans approached the petitioners for a specific amount which were far lower than the actual value of the vehicle and that they were asked to sign a sale note in favour of the petitioners purporting to sell the vehicle. Thereafter, a hire-purchase agreement would be taken styling the petitioners as lessors and the customers as the hirers. Under this agreement, hirers had to pay the loan in equated .....

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..... the registration certificate was not transferred in their name, but only an endorsement was effected to the effect that the vehicle was under a hire-purchase agreement with the petitioners was true. But the Tribunal began to consider the question as to whether the transaction had suffered any tax already, forgetting that the transaction by the petitioners itself was not a sale at all. On the facts .....

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