https://www.taxtmi.com/caselaws?id=127542 The court ruled that under Section 18 of the Sales Tax Act, the transferor remains liable to pay tax even after transferring the business. The transferee also bears tax liability, with both parties sharing the responsibility as outlined in the statute. The court emphasized that the legislative intent was not to absolve the transferor entirely but to make both parties accountable for the tax. The judgment clarifies the apportionment of tax liability in cases of business transfer, rejecting the argument that the transferor's liability ceases upon transfer. en-us Wed, 20 Jun 1956 00:00:00 +0530 Tue, 12 Mar 2013 10:21:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127542 The court ruled that under Section 18 of the Sales Tax Act, the transferor remains liable to pay tax even after transferring the business. The transferee also bears tax liability, with both parties sharing the responsibility as outlined in the statute. The court emphasized that the legislative intent was not to absolve the transferor entirely but to make both parties accountable for the tax. The judgment clarifies the apportionment of tax liability in cases of business transfer, rejecting the argument that the transferor's liability ceases upon transfer. Case-Laws VAT and Sales Tax Wed, 20 Jun 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127542