https://www.taxtmi.com/caselaws?id=128820 Hire-purchase documents may be treated as a real sale followed by a hiring back where, read as a whole, they show an actual transfer of title to the finance company and a later resale to the customers. A credit motive does not prevent that characterisation if the sale letter, bill, receipt and hire-purchase agreement are consistent with genuine transfer of property and no connected document displaces that effect. A registration form describing the customers as owners was explained by the statutory definition of owner for hire-purchase vehicles. On that analysis, the resale was liable to sales tax and the challenge failed. en-us Thu, 05 Dec 1963 00:00:00 +0530 Thu, 11 Apr 2013 17:51:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128820 Hire-purchase documents may be treated as a real sale followed by a hiring back where, read as a whole, they show an actual transfer of title to the finance company and a later resale to the customers. A credit motive does not prevent that characterisation if the sale letter, bill, receipt and hire-purchase agreement are consistent with genuine transfer of property and no connected document displaces that effect. A registration form describing the customers as owners was explained by the statutory definition of owner for hire-purchase vehicles. On that analysis, the resale was liable to sales tax and the challenge failed. Case-Laws VAT and Sales Tax Thu, 05 Dec 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128820