Supreme Court Upholds Tax Liability of Financiers in Possession of Vehicles: Mahindra and Mahindra Financial Services Ltd. vs. State of U.P. (22 February 2022)

/ B.V. Nagarathna, Judges, M.R. Shah, Motor Vehicle Taxation, Motor Vehicle Taxation with Section 4, Motor Vehicle Taxation with Section 9, Motor Vehicles Act, 1988, Motor Vehicles Act, 1988 with Section 2(30), Motor Vehicles Act, 1988 with Section 51, U.P. Motor Vehicles Taxation Act, 1997

Supreme Court Upholds Tax Liability of Financiers in Possession of Vehicles LEGAL ISSUE: Whether a financier is liable to pay motor vehicle tax after taking possession of a vehicle due to loan default. CASE TYPE: Motor Vehicle Taxation Case Name: Mahindra and Mahindra Financial Services Ltd. vs. State of U.P. and Ors. [Judgment Date]: 22 […]

Supreme Court Upholds Tax Liability of Financiers in Possession of Vehicles: Mahindra and Mahindra Financial Services Ltd. vs. State of U.P. (22 February 2022) Read Post »