https://www.taxtmi.com/caselaws?id=251150 Section 27(1) of the Andhra Pradesh Value Added Tax Act was treated as an express exception to the transferee's protection under Section 100 of the Transfer of Property Act: a transferee for value without notice could not resist the revenue's charge unless the defaulting dealer proved absence of intent to defraud revenue. The statutory charge, however, was confined to tax and other sums already payable on the date of transfer, so later-arising liabilities could not be enforced against the transferred property. Applying strict interpretation of fiscal statutes, ambiguity was resolved in favour of the assessee, limiting the revenue's recovery remedy to pre-transfer arrears. en-us Thu, 28 Aug 2014 00:00:00 +0530 Tue, 22 Sep 2015 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251150 Section 27(1) of the Andhra Pradesh Value Added Tax Act was treated as an express exception to the transferee's protection under Section 100 of the Transfer of Property Act: a transferee for value without notice could not resist the revenue's charge unless the defaulting dealer proved absence of intent to defraud revenue. The statutory charge, however, was confined to tax and other sums already payable on the date of transfer, so later-arising liabilities could not be enforced against the transferred property. Applying strict interpretation of fiscal statutes, ambiguity was resolved in favour of the assessee, limiting the revenue's recovery remedy to pre-transfer arrears. Case-Laws VAT and Sales Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251150