https://www.taxtmi.com/caselaws?id=150792 An executory agreement did not itself transfer the firm's business, assets or liabilities; the later indenture of assignment was the operative instrument that effected the transfer. Where recitals in a deed conflict with an unambiguous operative clause, the operative part prevails. The earlier date in the recitals was treated only as the date from which the parties accounted for assets, liabilities and business dealings, not as the date of legal succession. For registration under section 19 of the Bombay Sales Tax Act, 1959, the statutory right and liability arose only on transfer by succession, which occurred when the assignment deed was executed. en-us Thu, 30 Jan 1975 00:00:00 +0530 Wed, 22 May 2013 17:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150792 An executory agreement did not itself transfer the firm's business, assets or liabilities; the later indenture of assignment was the operative instrument that effected the transfer. Where recitals in a deed conflict with an unambiguous operative clause, the operative part prevails. The earlier date in the recitals was treated only as the date from which the parties accounted for assets, liabilities and business dealings, not as the date of legal succession. For registration under section 19 of the Bombay Sales Tax Act, 1959, the statutory right and liability arose only on transfer by succession, which occurred when the assignment deed was executed. Case-Laws VAT and Sales Tax Thu, 30 Jan 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150792