https://www.taxtmi.com/caselaws?id=300836 A financier who takes possession of a motor vehicle under a hire-purchase, lease or hypothecation arrangement is treated as the owner, and for transport vehicles may also be the operator, so current tax, additional tax and penalty become payable from the date of possession even if the financier's name is not entered in the registration certificate. Arrears that accrued before possession are ordinarily recoverable first from the registered owner or the person previously liable for that period; only if recovery from that person is not possible may the taxing authority proceed against the financier, having regard to the statutory first charge on the vehicle. Earlier contrary decisions were held not to state the law correctly. en-us Mon, 16 Dec 2019 00:00:00 +0530 Sun, 27 Feb 2022 20:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300836 A financier who takes possession of a motor vehicle under a hire-purchase, lease or hypothecation arrangement is treated as the owner, and for transport vehicles may also be the operator, so current tax, additional tax and penalty become payable from the date of possession even if the financier's name is not entered in the registration certificate. Arrears that accrued before possession are ordinarily recoverable first from the registered owner or the person previously liable for that period; only if recovery from that person is not possible may the taxing authority proceed against the financier, having regard to the statutory first charge on the vehicle. Earlier contrary decisions were held not to state the law correctly. Case-Laws Indian Laws Mon, 16 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300836