Supreme Court · 1965 INSC 272 · Decided 30 November 1965
Sundaram Finance LTD. v. State Op Kerala and Another
- Court
- Supreme Court of India
- Citation
- 1965 INSC 272 · [1966] 2 S.C.R. 828
- Case number
- CIVIL APPEAL No. 673/1964
- Decided
- 30 November 1965
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
LTD. v. STATE OP KERALA AND ANOTHER November 30, 1965 [K. SUBBA R.Ao, J. C. SHAH AND S. M. S!KRI, JJ.) Sales-tax-Ilire-purchase agreements-Motor vehicles purchased with loans taken from financiers-Financier whether liable ta sales-tax as having effected 'sale' through hire-purchase on the business of financing purchases of motor vehicles on the security of those vehicles. A customer desirous of purchasing a motor vehicle but unable to pay the price to the dealer would make part payment to the dealer and then approach the appellants for a loan. The appellants would advance
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