https://www.taxtmi.com/caselaws?id=418755 A financier in possession of a transport vehicle under a hire-purchase, lease, or hypothecation arrangement is treated as the owner for tax purposes under the U.P. Motor Vehicles Taxation Act, 1997, and tax liability arises from the date possession is taken. The charging provisions require payment in advance before the vehicle is used in a public place, while the refund and exemption scheme shows that non-use does not by itself suspend liability. Relief for non-use is available only through the prescribed statutory procedure, including surrender of the relevant documents where required. The recovery and first-charge provisions reinforce that the person in possession remains liable to pay tax. en-us Tue, 22 Feb 2022 00:00:00 +0530 Thu, 24 Feb 2022 07:12:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418755 A financier in possession of a transport vehicle under a hire-purchase, lease, or hypothecation arrangement is treated as the owner for tax purposes under the U.P. Motor Vehicles Taxation Act, 1997, and tax liability arises from the date possession is taken. The charging provisions require payment in advance before the vehicle is used in a public place, while the refund and exemption scheme shows that non-use does not by itself suspend liability. Relief for non-use is available only through the prescribed statutory procedure, including surrender of the relevant documents where required. The recovery and first-charge provisions reinforce that the person in possession remains liable to pay tax. Case-Laws VAT and Sales Tax Tue, 22 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418755