https://www.taxtmi.com/caselaws?id=127922 A complete transfer of a dealer's business to a new partnership, including goodwill, assets and continued use of the same business name, was treated as a transfer of the business itself under the Bombay Sales Tax Act. The transferee firm became liable for unpaid tax relating to the transferred business as if it were the dealer, but not for penalty in the absence of express statutory coverage. Recovery for tax arrears had first to be pursued against the firm's assets, and direct proceedings against the partners were premature until those assets were exhausted. en-us Mon, 21 Dec 1959 00:00:00 +0530 Sat, 23 Mar 2013 12:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127922 A complete transfer of a dealer's business to a new partnership, including goodwill, assets and continued use of the same business name, was treated as a transfer of the business itself under the Bombay Sales Tax Act. The transferee firm became liable for unpaid tax relating to the transferred business as if it were the dealer, but not for penalty in the absence of express statutory coverage. Recovery for tax arrears had first to be pursued against the firm's assets, and direct proceedings against the partners were premature until those assets were exhausted. Case-Laws VAT and Sales Tax Mon, 21 Dec 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127922