https://www.taxtmi.com/highlights?id=60001 Scope of "dealer" as per section 2(15) of the TNVAT Act, 2006 - NBFC - sale of repossessed vehicle on behalf of the defaulter by the Petitioner/Appellant - liability of taxes under VAT Act on the sale of the Hypothecated Motor Vehicles - There are many such clauses in the agreement, which clearly elucidate that theory as propounded by the assessee that the sale is effected by them as an agent of the borrower has to necessarily fall. - HC en-us Thu, 07 Oct 2021 16:41:55 +0530 Thu, 07 Oct 2021 16:41:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60001 Scope of "dealer" as per section 2(15) of the TNVAT Act, 2006 - NBFC - sale of repossessed vehicle on behalf of the defaulter by the Petitioner/Appellant - liability of taxes under VAT Act on the sale of the Hypothecated Motor Vehicles - There are many such clauses in the agreement, which clearly elucidate that theory as propounded by the assessee that the sale is effected by them as an agent of the borrower has to necessarily fall. - HC Highlights VAT and Sales Tax Thu, 07 Oct 2021 16:41:55 +0530 https://www.taxtmi.com/highlights?id=60001