https://www.taxtmi.com/caselaws?id=161152 The Tribunal held that the notice issued under section 11AAA of the Act was illegal and without jurisdiction as the transfer was not intended to defraud the Revenue and was made with valuable consideration. The petitioner, who purchased specific assets of a company, was found not liable for the outstanding dues under sections 9 and 11AAA as they acted in good faith and were unaware of the tax liabilities. The Tribunal concluded that neither section 9 nor section 11AAA applied, quashed the notice, and restrained the respondents from recovering dues from the petitioner. en-us Wed, 18 Jun 1997 00:00:00 +0530 Tue, 07 Jan 2014 18:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161152 The Tribunal held that the notice issued under section 11AAA of the Act was illegal and without jurisdiction as the transfer was not intended to defraud the Revenue and was made with valuable consideration. The petitioner, who purchased specific assets of a company, was found not liable for the outstanding dues under sections 9 and 11AAA as they acted in good faith and were unaware of the tax liabilities. The Tribunal concluded that neither section 9 nor section 11AAA applied, quashed the notice, and restrained the respondents from recovering dues from the petitioner. Case-Laws VAT and Sales Tax Wed, 18 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161152