https://www.taxtmi.com/caselaws?id=103977 A purchaser that obtains concessional sales on the footing of a statutory declaration-form undertaking must honour that undertaking for transactions within the permitted tax purpose; if it cannot furnish the forms, reimbursement of the seller's tax difference and consequential levy may follow. At the same time, liabilities arising from pre-acquisition supplies or orders are not automatically transferred to the acquiring corporation where the acquisition statute shifts earlier liabilities back to the original company and excludes enforcement against the transferee, and where prior contracts are not brought within the prescribed ratification mechanism. The document therefore distinguishes post-vesting supply obligations from pre-vesting liabilities under the acquisition framework. en-us Thu, 07 Sep 1995 00:00:00 +0530 Thu, 05 Sep 2013 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103977 A purchaser that obtains concessional sales on the footing of a statutory declaration-form undertaking must honour that undertaking for transactions within the permitted tax purpose; if it cannot furnish the forms, reimbursement of the seller's tax difference and consequential levy may follow. At the same time, liabilities arising from pre-acquisition supplies or orders are not automatically transferred to the acquiring corporation where the acquisition statute shifts earlier liabilities back to the original company and excludes enforcement against the transferee, and where prior contracts are not brought within the prescribed ratification mechanism. The document therefore distinguishes post-vesting supply obligations from pre-vesting liabilities under the acquisition framework. Case-Laws VAT and Sales Tax Thu, 07 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103977