https://www.taxtmi.com/caselaws?id=133041 Liability under section 33(1) of the Madhya Pradesh General Sales Tax Act, 1958 arises only on an actual transfer of the ownership of a dealer's business, meaning transfer of the running business as such with its rights, liabilities, stock-in-trade and goodwill. A mere purchase of stock-in-trade does not amount to transfer of business, even if some liabilities are paid out of the sale consideration. On the facts, there was no evidence of transfer of contracts, commitments or goodwill, and the purchaser's engagement in the same line of business did not establish transfer of the business. The purchaser was therefore not treated as a transferee of the business and was not liable for the former dealer's tax and penalty. en-us Tue, 05 Jan 1965 00:00:00 +0530 Wed, 17 Apr 2013 13:08:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=133041 Liability under section 33(1) of the Madhya Pradesh General Sales Tax Act, 1958 arises only on an actual transfer of the ownership of a dealer's business, meaning transfer of the running business as such with its rights, liabilities, stock-in-trade and goodwill. A mere purchase of stock-in-trade does not amount to transfer of business, even if some liabilities are paid out of the sale consideration. On the facts, there was no evidence of transfer of contracts, commitments or goodwill, and the purchaser's engagement in the same line of business did not establish transfer of the business. The purchaser was therefore not treated as a transferee of the business and was not liable for the former dealer's tax and penalty. Case-Laws VAT and Sales Tax Tue, 05 Jan 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=133041