https://www.taxtmi.com/caselaws?id=163286 Section 15 of the Karnataka Sales Tax Act, 1957 provides for joint and several liability of transferor and transferee for unpaid tax, penalty, or other dues remaining outstanding at the time of transfer, and deems the transferee to be the dealer for recovery purposes. On the facts described, the transferee had taken the business assets on lease and remained in possession of the land, plant, and machinery, bringing it within the recovery net for arrears. The sales tax dues were also treated as having priority over the secured creditor's interest, so proceedings under the Securitisation Act did not displace recovery of public dues under the sales tax law. en-us Fri, 14 Sep 2007 00:00:00 +0530 Fri, 26 Dec 2014 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163286 Section 15 of the Karnataka Sales Tax Act, 1957 provides for joint and several liability of transferor and transferee for unpaid tax, penalty, or other dues remaining outstanding at the time of transfer, and deems the transferee to be the dealer for recovery purposes. On the facts described, the transferee had taken the business assets on lease and remained in possession of the land, plant, and machinery, bringing it within the recovery net for arrears. The sales tax dues were also treated as having priority over the secured creditor's interest, so proceedings under the Securitisation Act did not displace recovery of public dues under the sales tax law. Case-Laws VAT and Sales Tax Fri, 14 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163286