Home / 
Liability in case of transfer of business.
X X X X Extracts X X X X
X X X X Extracts X X X X
.... CASES Liability in case of transfer of business. 85. (1) Where a taxable person, liable to pay tax under this Act, transfers his business in whole or in part, by sale, gift, lease, leave and licens....
X X X X Extracts X X X X
X X X X Extracts X X X X
....d or is determined thereafter. (2) Where the transferee of a business referred to in sub-section (1) carries on such business either in his own name or in some other name, he shall be liable to pay t....