https://www.taxtmi.com/caselaws?id=104949 Under the Bengal Finance (Sales Tax) Act, 1941 as extended to Delhi, hire-purchase transactions fell within the expanded definition of "sale" after the 1959 amendment, and the amounts payable under such agreements formed part of the "sale price". The statutory scheme treated hire-purchase as a taxable transfer itself, not merely the later exercise of the option to purchase, so hire charges and finance charges were included in the tax base. A narrower reading would have made the hire-purchase limb of the definition ineffective, and the transaction was therefore taxable on the consolidated amount payable under the agreement. en-us Wed, 09 Aug 2000 00:00:00 +0530 Sat, 31 Aug 2013 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104949 Under the Bengal Finance (Sales Tax) Act, 1941 as extended to Delhi, hire-purchase transactions fell within the expanded definition of "sale" after the 1959 amendment, and the amounts payable under such agreements formed part of the "sale price". The statutory scheme treated hire-purchase as a taxable transfer itself, not merely the later exercise of the option to purchase, so hire charges and finance charges were included in the tax base. A narrower reading would have made the hire-purchase limb of the definition ineffective, and the transaction was therefore taxable on the consolidated amount payable under the agreement. Case-Laws VAT and Sales Tax Wed, 09 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104949