High Court Upholds VAT on Deemed Sale of Buses Hired by PMT in Pune u/s for Transfer of Use Rights.

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Full Text of the Document

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....Deemed Sale - Transfer of right to use the goods - buses given on hire - The hired buses will be registered with the RTO, Pune in the name of the PMT as lessees and will be operated as stage carriages within the operational area of the PMT. - Levy of Tax (VAT) confirmed as deemed sale - HC....