https://www.taxtmi.com/caselaws?id=158468 The scope of "business" under the Bombay Sales Tax Act, 1959 was expanded by the 1988 amendment to include transactions connected with, incidental to, or ancillary to the commencement or closure of trade, commerce, manufacture, adventure or concern, but only with retrospective effect from 1 July 1981. Because the sale of machinery occurred on 10 January 1979, before that cut-off date and after cessation of production, it was held not to be a transaction in the course of business and not liable to tax. The reference on that issue was answered in the negative and in favour of the assessee. en-us Tue, 24 Jan 1995 00:00:00 +0530 Tue, 29 Oct 2013 14:08:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158468 The scope of "business" under the Bombay Sales Tax Act, 1959 was expanded by the 1988 amendment to include transactions connected with, incidental to, or ancillary to the commencement or closure of trade, commerce, manufacture, adventure or concern, but only with retrospective effect from 1 July 1981. Because the sale of machinery occurred on 10 January 1979, before that cut-off date and after cessation of production, it was held not to be a transaction in the course of business and not liable to tax. The reference on that issue was answered in the negative and in favour of the assessee. Case-Laws VAT and Sales Tax Tue, 24 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158468