https://www.taxtmi.com/caselaws?id=338306 The Court held that a Corporation, after taking over and selling a business unit, was liable to pay arrear sales tax over the transferee. The Court emphasized that under the Orissa Sales Tax Act, both transferor and transferee are responsible for arrears. Additionally, the Court reaffirmed that the State's right to recover sales tax prevails over mortgagee rights, even if the mortgage existed earlier. The judgment established the Corporation's obligation to settle sales tax dues first, clarifying liability in business ownership transfers and prioritizing sales tax obligations over mortgagee rights. en-us Thu, 12 Jan 2017 00:00:00 +0530 Mon, 30 Jan 2017 21:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338306 The Court held that a Corporation, after taking over and selling a business unit, was liable to pay arrear sales tax over the transferee. The Court emphasized that under the Orissa Sales Tax Act, both transferor and transferee are responsible for arrears. Additionally, the Court reaffirmed that the State's right to recover sales tax prevails over mortgagee rights, even if the mortgage existed earlier. The judgment established the Corporation's obligation to settle sales tax dues first, clarifying liability in business ownership transfers and prioritizing sales tax obligations over mortgagee rights. Case-Laws VAT and Sales Tax Thu, 12 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338306