https://www.taxtmi.com/caselaws?id=159229 The phrase "business as a whole" under Rule 44(e) was construed to refer to the business of a distinct unit, not necessarily an entire multi-business industrial house. Sale of one separately functioning leather unit in its entirety could therefore qualify for the exception even though some land and building at one location were not transferred and goodwill was not conveyed. The decisive point was that the unit's closure did not affect the seller's other continuing businesses. On that basis, the turnover attributable to the sale was outside the taxable turnover, and the tax assessment and appellate orders were set aside. en-us Tue, 14 Oct 1997 00:00:00 +0530 Mon, 18 Nov 2013 17:10:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159229 The phrase "business as a whole" under Rule 44(e) was construed to refer to the business of a distinct unit, not necessarily an entire multi-business industrial house. Sale of one separately functioning leather unit in its entirety could therefore qualify for the exception even though some land and building at one location were not transferred and goodwill was not conveyed. The decisive point was that the unit's closure did not affect the seller's other continuing businesses. On that basis, the turnover attributable to the sale was outside the taxable turnover, and the tax assessment and appellate orders were set aside. Case-Laws VAT and Sales Tax Tue, 14 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159229