https://www.taxtmi.com/caselaws?id=156066 Liability under section 15 of the Karnataka Sales Tax Act, 1957 follows the transfer of business ownership, so unpaid tax and penalty arrears remain recoverable from the transferee. An auction purchaser of business assets acquired through a secured creditor under the State Financial Corporations Act, 1951 was treated as having taken over the business for sales tax recovery purposes, and the mode of transfer did not exclude section 15. The recovery notice was therefore valid and enforceable against the purchaser. en-us Fri, 05 Jan 1990 00:00:00 +0530 Thu, 12 Sep 2013 18:01:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156066 Liability under section 15 of the Karnataka Sales Tax Act, 1957 follows the transfer of business ownership, so unpaid tax and penalty arrears remain recoverable from the transferee. An auction purchaser of business assets acquired through a secured creditor under the State Financial Corporations Act, 1951 was treated as having taken over the business for sales tax recovery purposes, and the mode of transfer did not exclude section 15. The recovery notice was therefore valid and enforceable against the purchaser. Case-Laws VAT and Sales Tax Fri, 05 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156066