Case Law Details
Case Name : Commissioner of Income Tax Delhi-VI Vs The Instalment Supply Limited (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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The appellants are carrying on the business of financiers: they are not dealing in motor-vehicles. The motor-vehicle purchased by the customer is registered in the name of the customer and remains at all material times so registered in his name. In the letter taken from the customer under which the latter agrees to keep the vehicle insured, it is expressly recited that the vehicle has been given as security for the loan advanced by the appellants. As a security for repayment of the loan, the customer executes a promissory-note for the amount paid by the appellan
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may 58 saal ka hu muja aapke sahayata chahiya jo de sakte hay to kripya mail se kahe kahe. mere koy amdani nahi hay mera tanker sizzing kar liya , finance companey mese loan mere kharid ne ke bad li. loan ka bhugtan may karta tha . loan ke sut se jyada rasi bhardi. pure na hone per tahkikat ki to mayne jisse kharida hunho ne jyada loan li tab usko aur financewale ko khat bhajkar bataya kuch nahi hua esliya maine sut per rasi lekar tanker ko general kiya ane ke bad muja bataye bina le gaye. sub jama ki gaye rasi ki rasid mere pas hay usme nam mayne jiske pas li uska hay.finance wale ko sub pata tha. maine kharida tanker utni rasi se thoda jyada de chuka hu. maine consumer forum me sikayat ki hay to kripya sahata kare. mera pas vakil rakha ne ki hasiyat nahi. mai jata hu. kripya 2012 ka consumer me asakta hu aur sizing nahikar sakte uska cort ne diya order bhaj sakte to nahi to kaha se konse number adi ki jankari de. dhanyawad
pradip
Lengthy but very good analysis of financial and operational lease