https://www.taxtmi.com/article/detailed?id=6566 An Official Liquidator, empowered to take custody of company property and to sell assets during winding up, acts as manager or receiver and thereby steps into the shoes of the company for statutory purposes. Given the broad definitions of business and dealer that include auctions, agents and ancillary transactions, sales effected by an Official Liquidator fall within the inclusive definition of "dealer," and the liquidator bears the statutory tax liability at the point of first sale rather than the auction purchaser. en-us Tue, 08 Dec 2015 11:26:00 +0530 Tue, 08 Dec 2015 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6566 An Official Liquidator, empowered to take custody of company property and to sell assets during winding up, acts as manager or receiver and thereby steps into the shoes of the company for statutory purposes. Given the broad definitions of business and dealer that include auctions, agents and ancillary transactions, sales effected by an Official Liquidator fall within the inclusive definition of "dealer," and the liquidator bears the statutory tax liability at the point of first sale rather than the auction purchaser. Articles Corporate Laws / IBC / SEBI Tue, 08 Dec 2015 11:26:00 +0530 https://www.taxtmi.com/article/detailed?id=6566