https://www.taxtmi.com/caselaws?id=157188 Hire-purchase transactions were treated as sales under section 2(g) of the Bengal Finance (Sales Tax) Act, 1941, because a transfer of goods on hire-purchase is included within the statutory definition of transfer in property. On that basis, the dealer's vehicles acquired under hire-purchase were regarded as purchased for resale from the time the agreements were entered into. The registration certificate was therefore not misused, and the second proviso to section 5(2)(a)(ii), as extended to Delhi, was not attracted. The issue was answered in favour of the dealer. en-us Wed, 19 Feb 1992 00:00:00 +0530 Tue, 01 Oct 2013 15:17:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157188 Hire-purchase transactions were treated as sales under section 2(g) of the Bengal Finance (Sales Tax) Act, 1941, because a transfer of goods on hire-purchase is included within the statutory definition of transfer in property. On that basis, the dealer's vehicles acquired under hire-purchase were regarded as purchased for resale from the time the agreements were entered into. The registration certificate was therefore not misused, and the second proviso to section 5(2)(a)(ii), as extended to Delhi, was not attracted. The issue was answered in favour of the dealer. Case-Laws VAT and Sales Tax Wed, 19 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157188