1992 (2) TMI 350

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....following question to this Court: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the utilization of the vehicles on hirepurchase basis before their actual sales did not render the second proviso to section 5(2)(a)(ii) of the Bengal Finance (Sales Tax) Act, 1941, as then extended to Delhi applicable." The admitted facts are that the dealer is r....

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....authority when all the instalments were paid. The aforesaid conclusion of the assessing authority was upheld by the first appellate court. The second appeal of the dealer was allowed by the Appellate Tribunal. The Tribunal held that eventually hire-purchase sale had taken place under the hire-purchase agreement and, therefore, the second proviso to section 5(2)(a)(ii) was not attracted. In our o....