https://www.taxtmi.com/caselaws?id=99433 Hire-purchase transactions combining bailment with an option to purchase were treated as deemed sales under the taxing statute because the statutory explanation created a legal fiction covering transfers on instalment or hire-purchase terms, and the transactions were therefore taxable. The constitutional challenge to the extended definition of sale failed because the prior validity of the enactment had already been upheld and no adequate factual basis for hostile discrimination under Article 14 was shown. Objections based on departmental instructions, an earlier High Court view, and res judicata were rejected because administrative practice cannot override the law and taxation assessments are year-specific. en-us Tue, 02 May 1961 00:00:00 +0530 Fri, 16 May 2014 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99433 Hire-purchase transactions combining bailment with an option to purchase were treated as deemed sales under the taxing statute because the statutory explanation created a legal fiction covering transfers on instalment or hire-purchase terms, and the transactions were therefore taxable. The constitutional challenge to the extended definition of sale failed because the prior validity of the enactment had already been upheld and no adequate factual basis for hostile discrimination under Article 14 was shown. Objections based on departmental instructions, an earlier High Court view, and res judicata were rejected because administrative practice cannot override the law and taxation assessments are year-specific. Case-Laws VAT and Sales Tax Tue, 02 May 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99433