Court Rules Bank is a "Dealer" u/s 2(15) When Repossessing and Auctioning Vehicles, Liable for Sales Tax.

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....Levy of sales tax on banks - Dealer or not - whether a bank, which holds hypothecation of vehicles in their favour, would be a dealer within the definition of the expression under Section 2(15) of the Act, merely because the bank seizes and repossesses the hypothecated vehicle and brings it to sale through public auction - Held Yes - HC....