https://www.taxtmi.com/caselaws?id=159650 Where the entire ownership of a dealer's business is transferred, the transferee becomes liable for unpaid sales tax attributable to that business. A sale of industrial assets on an "as is where is" basis was treated as transfer of the whole business, so the auction purchaser stepped into the defaulting unit's position despite the absence of stock, goodwill, employees or continuing operations. The sales tax statute also created a first charge on the dealer's property for tax dues, and that charge followed the property into the purchaser's hands. Private contractual terms could not defeat the statutory charge, and the charge remained enforceable against the transferred assets. en-us Wed, 30 Dec 1998 00:00:00 +0530 Thu, 28 Nov 2013 17:17:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159650 Where the entire ownership of a dealer's business is transferred, the transferee becomes liable for unpaid sales tax attributable to that business. A sale of industrial assets on an "as is where is" basis was treated as transfer of the whole business, so the auction purchaser stepped into the defaulting unit's position despite the absence of stock, goodwill, employees or continuing operations. The sales tax statute also created a first charge on the dealer's property for tax dues, and that charge followed the property into the purchaser's hands. Private contractual terms could not defeat the statutory charge, and the charge remained enforceable against the transferred assets. Case-Laws VAT and Sales Tax Wed, 30 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159650