https://www.taxtmi.com/caselaws?id=150715 Arrears of sales tax could not be enforced against mortgaged property where there was no complete transfer of the business or its ownership. The equity of redemption continued to vest in the company, and the mortgagee's possession arose from the mortgage and court-sanctioned arrangements, so the mortgagee or lessee could not be treated as a transferee of the registered dealer's business. On those facts, section 17 of the Punjab General Sales Tax Act, 1948 was not attracted, and recovery from the mortgaged assets in the manner attempted by the authorities was impermissible. en-us Mon, 01 Oct 1973 00:00:00 +0530 Tue, 21 May 2013 17:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150715 Arrears of sales tax could not be enforced against mortgaged property where there was no complete transfer of the business or its ownership. The equity of redemption continued to vest in the company, and the mortgagee's possession arose from the mortgage and court-sanctioned arrangements, so the mortgagee or lessee could not be treated as a transferee of the registered dealer's business. On those facts, section 17 of the Punjab General Sales Tax Act, 1948 was not attracted, and recovery from the mortgaged assets in the manner attempted by the authorities was impermissible. Case-Laws VAT and Sales Tax Mon, 01 Oct 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150715