https://www.taxtmi.com/caselaws?id=157913 The Court ruled in favor of the Revenue, holding that the amended definition of "business" under section 2(5A) of the Bombay Sales Tax Act applies to all sales post-July 1, 1981, regardless of the business closure date. The decision clarified that tax liability is determined by the date of the sales transaction, not the closure of the business. The reference was answered negatively, resolving the dispute on the taxability of post-closure sales under the Act. en-us Mon, 20 Feb 1995 00:00:00 +0530 Sat, 12 Oct 2013 13:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157913 The Court ruled in favor of the Revenue, holding that the amended definition of "business" under section 2(5A) of the Bombay Sales Tax Act applies to all sales post-July 1, 1981, regardless of the business closure date. The decision clarified that tax liability is determined by the date of the sales transaction, not the closure of the business. The reference was answered negatively, resolving the dispute on the taxability of post-closure sales under the Act. Case-Laws VAT and Sales Tax Mon, 20 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157913