https://www.taxtmi.com/caselaws?id=156277 Sales of raw materials, stores and old machinery made after closure of a dealer's business were not treated as part of taxable business turnover under the Bengal Finance (Sales Tax) Act, 1941. The Tribunal reasoned that the statutory definition of business extends only to transactions connected with, or ancillary or incidental to, trade, commerce, manufacture or other commercial activity. Once the business had closed, later asset and stock sales could not be linked to an ongoing business activity and therefore fell outside the dealer's taxable turnover. The sales were held not exigible to tax. en-us Mon, 14 Jan 1991 00:00:00 +0530 Tue, 17 Sep 2013 14:44:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156277 Sales of raw materials, stores and old machinery made after closure of a dealer's business were not treated as part of taxable business turnover under the Bengal Finance (Sales Tax) Act, 1941. The Tribunal reasoned that the statutory definition of business extends only to transactions connected with, or ancillary or incidental to, trade, commerce, manufacture or other commercial activity. Once the business had closed, later asset and stock sales could not be linked to an ongoing business activity and therefore fell outside the dealer's taxable turnover. The sales were held not exigible to tax. Case-Laws VAT and Sales Tax Mon, 14 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156277