Supreme Court · 2007 INSC 328 · Decided 21 March 2007
Federal Bank LTD. and ORS. v. State of Kerala and ORS.
- Court
- Supreme Court of India
- Citation
- 2007 INSC 328 · [2007] 4 S.C.R. 313
- Case number
- CIVIL APPEAL No. 6459/2003
- Decided
- 21 March 2007
- Bench
- S.H. KAPADIA, B. SUDERSHAN REDDY (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 176
Headnote
Kera/a General Sales Tax Act, 1963; Section 2(viii)(g) as amended by Kera/a Finance Act, 1998-Banking Regulation Act, 1949; Sections S(b), 6, A B 8, & 29-Contract Act, 1872-Section 176-Central Sales Tax Act, 1956; Section 2(g)-Sale of Goods Act, 1930; Section 4-Sale of pledged goods by C banks within the course of banking business and hence, banks are liable to sales tax under the Sales Tax Act. By the Kerala Finance Act, 1998, the definition of the word 'dealer' in section 2(viii) of the Kerala General Sales Tax Act, 1963 was expanded by D inserting clause (g) to cover a bank or a
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