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Income Tax - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

Hire-purchase concerns two elements - bailment and sale in the ...


Hire-Purchase Explained: Bailment and Sale Elements, Sale Happens When Buyer Meets Terms and Opts to Purchase.

November 22, 2012

Case Laws     Income Tax     HC

Hire-purchase concerns two elements - bailment and sale in the sense that it visualizes an eventual sale which fructifies when the option is exercisable by the purchaser after fulfilling the terms of the agreement. - HC

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