https://www.taxtmi.com/caselaws?id=154960 Under sales tax transfer provisions, transferee liability extends only to unpaid tax that had accrued before the business transfer; later-period tax and a penalty imposed after the transfer do not pass to the transferee. The court also noted that suppression of the transfer from tax authorities meant absence of prior notice to the transferee did not invalidate the assessments, because natural justice cannot be relied on by a party whose conduct prevented notice. The assignment was held to be an entire transfer of the business as a going concern, since stock-in-trade, fixtures, goodwill, trade name rights and tenancy rights were transferred, and retention of recovery rights over outstanding dues did not negate the transfer. en-us Wed, 05 Mar 1986 00:00:00 +0530 Fri, 30 Aug 2013 16:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154960 Under sales tax transfer provisions, transferee liability extends only to unpaid tax that had accrued before the business transfer; later-period tax and a penalty imposed after the transfer do not pass to the transferee. The court also noted that suppression of the transfer from tax authorities meant absence of prior notice to the transferee did not invalidate the assessments, because natural justice cannot be relied on by a party whose conduct prevented notice. The assignment was held to be an entire transfer of the business as a going concern, since stock-in-trade, fixtures, goodwill, trade name rights and tenancy rights were transferred, and retention of recovery rights over outstanding dues did not negate the transfer. Case-Laws VAT and Sales Tax Wed, 05 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154960