https://www.taxtmi.com/caselaws?id=151396 A branch sold as a running concern, with its furniture, fittings and stock-in-trade, was treated as a sale of a distinct business unit. On that basis, rule 6(d) of the Tamil Nadu General Sales Tax Rules, 1959 applied because "his business" can include an independent branch, and the sale proceeds were outside taxable turnover since a going-concern transfer is not a sale of goods in the course of business or incidental to trade. The revisional assessment was also held unauthorised because the correction was not supported by any permissible statutory power, such as revision, rectification of an apparent error, or escaped assessment. en-us Fri, 30 Apr 1976 00:00:00 +0530 Wed, 05 Jun 2013 14:25:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151396 A branch sold as a running concern, with its furniture, fittings and stock-in-trade, was treated as a sale of a distinct business unit. On that basis, rule 6(d) of the Tamil Nadu General Sales Tax Rules, 1959 applied because "his business" can include an independent branch, and the sale proceeds were outside taxable turnover since a going-concern transfer is not a sale of goods in the course of business or incidental to trade. The revisional assessment was also held unauthorised because the correction was not supported by any permissible statutory power, such as revision, rectification of an apparent error, or escaped assessment. Case-Laws VAT and Sales Tax Fri, 30 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151396