https://www.taxtmi.com/caselaws?id=432838 The High Court upheld the Tribunal's decision, ruling that the agreement between the bus owner and UPSRTC constituted a transfer of the right to use the buses, falling under Section 3-F of the U.P. Trade Tax Act. The Court dismissed both revisions in favor of the revenue, emphasizing that the assessees did not effectively transfer control of the bus to UPSRTC as per the agreement. The judgment favored the revenue, affirming the Tribunal's order and applying Section 3-F for tax purposes. en-us Tue, 10 Jan 2023 00:00:00 +0530 Sat, 14 Jan 2023 13:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432838 The High Court upheld the Tribunal's decision, ruling that the agreement between the bus owner and UPSRTC constituted a transfer of the right to use the buses, falling under Section 3-F of the U.P. Trade Tax Act. The Court dismissed both revisions in favor of the revenue, emphasizing that the assessees did not effectively transfer control of the bus to UPSRTC as per the agreement. The judgment favored the revenue, affirming the Tribunal's order and applying Section 3-F for tax purposes. Case-Laws VAT and Sales Tax Tue, 10 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432838