https://www.taxtmi.com/highlights?id=25291 Levy of sales tax on banks - Dealer or not - whether a bank, which holds hypothecation of vehicles in their favour, would be a dealer within the definition of the expression under Section 2(15) of the Act, merely because the bank seizes and repossesses the hypothecated vehicle and brings it to sale through public auction - Held Yes - HC en-us Tue, 13 Oct 2015 14:13:25 +0530 Tue, 13 Oct 2015 14:13:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=25291 Levy of sales tax on banks - Dealer or not - whether a bank, which holds hypothecation of vehicles in their favour, would be a dealer within the definition of the expression under Section 2(15) of the Act, merely because the bank seizes and repossesses the hypothecated vehicle and brings it to sale through public auction - Held Yes - HC Highlights VAT and Sales Tax Tue, 13 Oct 2015 14:13:25 +0530 https://www.taxtmi.com/highlights?id=25291