https://www.taxtmi.com/caselaws?id=128823 Hire-purchase and instalment transactions could not be treated as sales for tax purposes unless they amounted in law to a real transfer of property under a contract of sale; the deeming Explanation to section 2(n) of the Madhya Pradesh General Sales Tax Act, 1958 was therefore held beyond legislative competence. The Court also stated that section 29 empowered the taxing authority to call for accounts and information before any completed assessment, including to determine dealer status and tax liability, so the pre-assessment notices were valid and within jurisdiction. en-us Sat, 06 Feb 1954 00:00:00 +0530 Sat, 27 Jul 2013 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128823 Hire-purchase and instalment transactions could not be treated as sales for tax purposes unless they amounted in law to a real transfer of property under a contract of sale; the deeming Explanation to section 2(n) of the Madhya Pradesh General Sales Tax Act, 1958 was therefore held beyond legislative competence. The Court also stated that section 29 empowered the taxing authority to call for accounts and information before any completed assessment, including to determine dealer status and tax liability, so the pre-assessment notices were valid and within jurisdiction. Case-Laws VAT and Sales Tax Sat, 06 Feb 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128823