Icici Bank Ltd. v. Commissioner, Trade And Taxes Delhi

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI 17.

+ ST.APPL. 10/2016 ICICI BANK LTD.

..... Petitioner Through: Mr. M.P.Devnath, Mr. Abhishek Anand & Mr. Yogendra Aldak, Advocates.

versus COMMISSIONER, TRADE AND TAXES DELHI..... Respondent Through: Mr. Gautam Narayan, ASC with Mr. R.

A. Iyer, Advocate.

CORAM:

JUSTICE S.MURALIDHAR JUSTICE VIBHU BAKHRU

O R D E R

% 13.05.2016 CM No. 18197 of 2016(exemption)

1. Allowed, subject to all just exceptions.

ST.APPL. 10/2016 & CM NO. 18196 of 2016(stay)

2. In view of the decision of this Court in Citi Bank v. Commissioner of Sales Tax (2016) 88 VST 246 (Del), wherein it has been held that disposal by auction of the cars hypothecated with a bank and repossessed by it would attract sales tax, this appeal is dismissed. Order dasti. S.MURALIDHAR, J VIBHU BAKHRU, J MAY 13, 2016 mg