https://www.taxtmi.com/caselaws?id=431601 The Supreme Court held that the seller (UPSSCL) was responsible for liabilities amounting to Rs. 5,68,797/-, including unpaid duty, penalty, and interest, arising from operations before the sale. The liabilities were deemed accrued, not contingent, and specific clauses in the agreements allocated these liabilities to the seller, overriding generic conditions. The speaking order holding the purchaser liable was set aside as unsustainable, and the purchaser was not considered liable for pre-acquisition dues. The appeal was allowed, and related cases were disposed of accordingly. en-us Thu, 15 Dec 2022 00:00:00 +0530 Sat, 17 Dec 2022 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431601 The Supreme Court held that the seller (UPSSCL) was responsible for liabilities amounting to Rs. 5,68,797/-, including unpaid duty, penalty, and interest, arising from operations before the sale. The liabilities were deemed accrued, not contingent, and specific clauses in the agreements allocated these liabilities to the seller, overriding generic conditions. The speaking order holding the purchaser liable was set aside as unsustainable, and the purchaser was not considered liable for pre-acquisition dues. The appeal was allowed, and related cases were disposed of accordingly. Case-Laws VAT and Sales Tax Thu, 15 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431601