Supreme Court of India · 2022-02-22
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD. vs THE STATE OF UTTAR PRADESH
- Citation / case number
- SC 2021/26102
- Court
- Supreme Court of India
- Petitioner
- MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD.
- Respondent
- THE STATE OF UTTAR PRADESH
- Author
- HON'BLE MR. JUSTICE M.R. SHAH
- Bench
- HON'BLE MRS. JUSTICE B.V. NAGARATHNA HON'BLE MR. JUSTICE M.R. SHAH
Judgment text excerpt
The Supreme Court addressed the liability of a financier-in-possession of a transport vehicle to pay tax under the U.P. Motor Vehicles Taxation Act, 1997. The court upheld the High Court's decision that the financier, Mahindra and Mahindra Financial Services Ltd., is liable for the tax due to its possession of the vehicle following a loan default. This judgment clarifies the interpretation of relevant sections of the Act regarding tax liability for financiers.