https://www.taxtmi.com/highlights?id=57572 Levy of tax - transfer of right to use goods or not - The fact that the petitioner is stated to have acted as an agent of the lessee at the time of import under the respective Operating Lease Agreements is of no relevance as the petitioner neither transferred the possession nor effective control to the lessee till the actual delivery and also continued to receive lease rentals during the currency of the respective Operating Lease Agreements. Therefore, the petitioner cannot claim exemption under Section 5(2) of the Central Sales Tax Act, 1956 for the entire period- HC en-us Tue, 13 Apr 2021 16:23:31 +0530 Tue, 13 Apr 2021 16:23:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57572 Levy of tax - transfer of right to use goods or not - The fact that the petitioner is stated to have acted as an agent of the lessee at the time of import under the respective Operating Lease Agreements is of no relevance as the petitioner neither transferred the possession nor effective control to the lessee till the actual delivery and also continued to receive lease rentals during the currency of the respective Operating Lease Agreements. Therefore, the petitioner cannot claim exemption under Section 5(2) of the Central Sales Tax Act, 1956 for the entire period- HC Highlights VAT and Sales Tax Tue, 13 Apr 2021 16:23:31 +0530 https://www.taxtmi.com/highlights?id=57572