https://www.taxtmi.com/caselaws?id=163403 Transfer of a closed mill after discontinuance of business was held not to be a sale effected in the course of business, so the resulting turnover was outside sales tax under the Gujarat Sales Tax Act, 1969. The court applied the statutory scheme that tax attaches only to sales made during the course of business and followed the prior Division Bench view that a post-closure sale is not exigible to tax. Accordingly, the sale proceeds from the closed undertaking were not liable to tax and the consequential levy could not be sustained. en-us Wed, 06 Dec 2006 00:00:00 +0530 Wed, 02 Apr 2014 12:05:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163403 Transfer of a closed mill after discontinuance of business was held not to be a sale effected in the course of business, so the resulting turnover was outside sales tax under the Gujarat Sales Tax Act, 1969. The court applied the statutory scheme that tax attaches only to sales made during the course of business and followed the prior Division Bench view that a post-closure sale is not exigible to tax. Accordingly, the sale proceeds from the closed undertaking were not liable to tax and the consequential levy could not be sustained. Case-Laws VAT and Sales Tax Wed, 06 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163403