https://www.taxtmi.com/caselaws?id=155963 A court-permitted sale of machinery attached in execution against a business debt was treated as a sale in the course of business and remained taxable because the asset belonged to the assessee's business and the transaction was connected with that business. The attachment, the need for prior court permission, and the assessee's limited freedom in the mode of sale did not change its legal character. Under the relevant statutory definitions, a sale covers such transactions, and business includes acts incidental or ancillary to the business or its closure. The sale was therefore not a distress sale or casual sale outside the charging provision. en-us Mon, 06 Aug 1990 00:00:00 +0530 Wed, 11 Sep 2013 14:25:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155963 A court-permitted sale of machinery attached in execution against a business debt was treated as a sale in the course of business and remained taxable because the asset belonged to the assessee's business and the transaction was connected with that business. The attachment, the need for prior court permission, and the assessee's limited freedom in the mode of sale did not change its legal character. Under the relevant statutory definitions, a sale covers such transactions, and business includes acts incidental or ancillary to the business or its closure. The sale was therefore not a distress sale or casual sale outside the charging provision. Case-Laws VAT and Sales Tax Mon, 06 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155963