https://www.taxtmi.com/caselaws?id=102863 A penalty notice issued under section 46(2) of the Bombay Sales Tax Act, 1959 was examined against the facts and the governing law on hire-purchase transactions and the stage at which sales tax liability arises. On that basis, the notice alleging unlawful collection of sales tax was found unsustainable and was quashed. The separate question whether the Revenue could forfeit the amounts collected, or whether refund could be claimed, was not decided and was left to assessment or refund proceedings. en-us Fri, 09 Dec 1988 00:00:00 +0530 Tue, 10 Sep 2013 13:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102863 A penalty notice issued under section 46(2) of the Bombay Sales Tax Act, 1959 was examined against the facts and the governing law on hire-purchase transactions and the stage at which sales tax liability arises. On that basis, the notice alleging unlawful collection of sales tax was found unsustainable and was quashed. The separate question whether the Revenue could forfeit the amounts collected, or whether refund could be claimed, was not decided and was left to assessment or refund proceedings. Case-Laws VAT and Sales Tax Fri, 09 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102863