https://www.taxtmi.com/caselaws?id=150838 Transferee liability under section 26(1) of the Bombay Sales Tax Act, 1953 arose only if the dealer's business was entirely transferred as a going concern. Although the assignment deed passed the business name, goodwill, tenancy rights and certain advantages, it reserved credits, outstandings, debts, and the obligation to perform all outstanding engagements up to the date of assignment. Those reserved incidents were treated as essential parts of the running business, so the revenue failed to show a complete transfer. The respondents were therefore not liable as transferees, and the transferee liability assessment could not be sustained. en-us Wed, 26 Feb 1975 00:00:00 +0530 Thu, 23 May 2013 13:04:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150838 Transferee liability under section 26(1) of the Bombay Sales Tax Act, 1953 arose only if the dealer's business was entirely transferred as a going concern. Although the assignment deed passed the business name, goodwill, tenancy rights and certain advantages, it reserved credits, outstandings, debts, and the obligation to perform all outstanding engagements up to the date of assignment. Those reserved incidents were treated as essential parts of the running business, so the revenue failed to show a complete transfer. The respondents were therefore not liable as transferees, and the transferee liability assessment could not be sustained. Case-Laws VAT and Sales Tax Wed, 26 Feb 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150838