Insurance premium on Hire purchase transaction forms part of 'Sale'

Hire purchase transaction is covered within purview of the term ‘Sale’ and therefore insurance premium forms part of ‘Sale Price’/ Trade Mark is not exhausted once goods are sold TATA Engineering and Locomotive Co.Ltd.(Now Known as TATA Motors Ltd.)[the Appellant or the Company] is a manufacturer of Motor Vehicles and also engaged in the business of hire finance of Motor Vehicles. The Appellant purchased a new Tata Diesel Chassis from M/s India Automobiles, a registered Dealer of the Appellant, on payment of taxes for a total purchase price of Rs.5,08,180/-. The Chassis was sol...