https://www.taxtmi.com/caselaws?id=152892 Hire-purchase transfers were treated in substance as resale transactions under the Bihar Sales Tax Act, 1959, because the decisive factor was the dealer's intention to pass property in the goods to the hirer. Where the arrangements were entered into with the ultimate object of resale and most had in fact matured into sales, the goods were not regarded as being used for any purpose other than resale. On that basis, the second proviso to section 7(2)(b) was held inapplicable on the facts, and the revenue could not rely on the ultra vires explanation to section 2(p). en-us Wed, 17 Oct 1979 00:00:00 +0530 Fri, 12 Jul 2013 15:46:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152892 Hire-purchase transfers were treated in substance as resale transactions under the Bihar Sales Tax Act, 1959, because the decisive factor was the dealer's intention to pass property in the goods to the hirer. Where the arrangements were entered into with the ultimate object of resale and most had in fact matured into sales, the goods were not regarded as being used for any purpose other than resale. On that basis, the second proviso to section 7(2)(b) was held inapplicable on the facts, and the revenue could not rely on the ultra vires explanation to section 2(p). Case-Laws VAT and Sales Tax Wed, 17 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152892