https://www.taxtmi.com/caselaws?id=404854 Transfer of machinery from a firm to a partner was not accepted as a transfer on dissolution where the record showed no dissolution agreement at the relevant time, no contemporaneous disclosure of stock transfer, the partner was already carrying on the same business at the same address, and the assessee's own statement did not support the claim. The Tribunal failed to examine or dislodge these factual findings before rejecting the Revenue's appeal. The transaction was therefore treated as a sale rather than a dissolution-related transfer, and the Revenue's position prevailed. en-us Tue, 23 Feb 2021 00:00:00 +0530 Fri, 05 Mar 2021 09:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404854 Transfer of machinery from a firm to a partner was not accepted as a transfer on dissolution where the record showed no dissolution agreement at the relevant time, no contemporaneous disclosure of stock transfer, the partner was already carrying on the same business at the same address, and the assessee's own statement did not support the claim. The Tribunal failed to examine or dislodge these factual findings before rejecting the Revenue's appeal. The transaction was therefore treated as a sale rather than a dissolution-related transfer, and the Revenue's position prevailed. Case-Laws VAT and Sales Tax Tue, 23 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404854