https://www.taxtmi.com/caselaws?id=247169 The Court held that the transfer of stock to a new firm constituted a sale, not covered by the compounding scheme accepted by both parties. The assessee's failure to account for remaining stock led to upholding tax liability on the transferred stock. The Court dismissed the revision, affirming the Revenue's decision to tax the remaining stock transferred. en-us Fri, 11 Apr 2014 00:00:00 +0530 Sat, 03 May 2014 19:04:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247169 The Court held that the transfer of stock to a new firm constituted a sale, not covered by the compounding scheme accepted by both parties. The assessee's failure to account for remaining stock led to upholding tax liability on the transferred stock. The Court dismissed the revision, affirming the Revenue's decision to tax the remaining stock transferred. Case-Laws VAT and Sales Tax Fri, 11 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247169