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of <h1>Bombay HC rules firm's car sale not subject to double taxation, citing dealer registration and legal precedents.</h1> The Bombay High Court dismissed the application concerning sales tax on a motor car sold by the applicants, ruling that the car, deemed an asset of the ... - The Bombay High Court dismissed the application regarding the sales tax on a motor car sold by the applicants, as the car was considered an asset of the firm and had been used before sale, thus not subject to double taxation. The decision was based on previous rulings and the applicants being registered as dealers. (Case citation: 1956 (2) TMI 44 - Bombay High Court)
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