https://www.taxtmi.com/caselaws?id=157195 Sale of machinery from a closed rolling mills unit qualified for exclusion under rule 6(d) because the unit had operated as a distinct and independent business segment with separate industrial licences and a separate nature of activity. Common management and a common balance-sheet did not prevent treatment of the unit as a separate business, and the fact that no part of its business was retained or continued after the sale supported that characterisation. On those facts, turnover from the sale was within the protective ambit of rule 6(d) as a sale of a business unit as a whole. en-us Mon, 08 Apr 1991 00:00:00 +0530 Tue, 01 Oct 2013 15:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157195 Sale of machinery from a closed rolling mills unit qualified for exclusion under rule 6(d) because the unit had operated as a distinct and independent business segment with separate industrial licences and a separate nature of activity. Common management and a common balance-sheet did not prevent treatment of the unit as a separate business, and the fact that no part of its business was retained or continued after the sale supported that characterisation. On those facts, turnover from the sale was within the protective ambit of rule 6(d) as a sale of a business unit as a whole. Case-Laws VAT and Sales Tax Mon, 08 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157195