clarification of availability of Input Tax Credit in respect of
demo vehicles, has been issued vide Circular No.231/25/2024-GST
(F.NO.CBIC ... demo vehicles are
used by the authorized dealers to promote further sale of motor
vehicles of the similar type and therefore, such vehicles appear
they never become assessee
own vehicles. To claim depreciation assessee should own the
vehicles and for demo purpose no dealer in India purchases
vehicles ... vehicles apart from one Optra 2.0 LT and one Optra 2 LS and
one Optra Megnum. Similarly four Spark vehicles have been kept as
demo
also motor vehicles tax, when
a vehicle was covered by a trade certificate that enabled the use of the
vehicle for demonstration purposes ... motor vehicles tax under
Section 3 to those vehicles which are kept by a dealer or a
manufacturer of motor vehicles for the purpose
also motor vehicles tax, when
a vehicle was covered by a trade certificate that enabled the use of the
vehicle for demonstration purposes ... motor vehicles tax under
Section 3 to those vehicles which are kept by a dealer or a
manufacturer of motor vehicles for the purpose
sale and service of Nissan Vehicles.
The assessee keeps certain demo vehicles, which are used in
the business of the assessee. In the assessment made ... Wealth Tax
Officer (WTO) charged the value of demo vehicles as chargeable
asset within the meaning of section
contended that 1st Respondent
asked the Petitioner to transport a demo vehicle bearing
Reg.No.KA-01-TC-110 with valid insurance cover made with ... JAzÀgÉ ¸Àj. It is admitted suggestion that this witness has taken
demo vehicle at the time of accident. In the course of cross-
examination
only issue in all these
Appeals is the valuation of demo vehicles sold to the
dealers.
2. Shri S. Jaikumar, Ld. Advocate appearing ... demo vehicles though similar
to the normal vehicles but they belong to a separate class,
which is very clear from the demo vehicle policy which
complainant that the vehicle supplied to him
was a demo vehicle and not a new vehicle as claimed. The petitioner
herein, on the other hand ... complainant on 25.09.2012 to the dealer stating that it
was a demo vehicle and subsequently a consumer complaint was filed
category vehicles kept for sale at the
complainant/ respondent's establishment. In case one of the said vehicles
was used as a demo vehicle ... vehicle stood
registered in the name of the Authorized Dealer. In the policy in question,
Exhibit C-1, one vehicle Tata Safari as demo vehicle
Protection Act 1986
against opposite party pleaded therein that complainant
purchased Demo vehicle bearing No. HP-62A-2975. It is
pleaded that complainant paid ... evidence.
There is recital in the affidavit that deponent purchased Demo
vehicle bearing No. HP-62A-2975 from opposite party. There
is further recital
