Hire-purchase concerns two elements - bailment and sale in the ...

Income Tax

November 22, 2012

Hire-purchase concerns two elements - bailment and sale in the sense that it visualizes an eventual sale which fructifies when the option is exercisable by the purchaser after fulfilling the terms of the agreement. - HC

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Hire-purchase concerns two elements - bailment and sale in the ...

Income Tax

November 22, 2012

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