2021 (3) TMI 1023

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....name and style of "Iyyappa Tyres". Muthu had opted to pay at compounded rate of tax under Section 3(4) of the Tamil Nadu Value Added Tax Act, 2006. But the ceiling limit of Rs. 50,00,000/- was breached. Therefore, he had to be regularly assessed under Section 3(2) of the Act. That apart, Muthu had also taken one more registration and it was seen that he was only making purchases and no return as regards sales was filed. He also did not pay any tax. Therefore, proceedings were initiated against Muthu and the sales tax liability was quantified at more than Rs. 2 Crores and together with penalty. Muthu was liable to pay a sum of Rs. 5,22,83,230/-. Muthu did not clear the arrears. Instead he closed down the business. 3. Muthu was running his....

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....a fraudulent transfer transferring his properties in favour of M.Saraswathy. The learned Special Government Pleader appearing for the respondents called for dismissal of the writ petitions. 5. I carefully considered the contentions and went through the materials on record. 6. Though the petitioner has filed two writ petitions, the issue raised in both the cases are one and the same. There cannot be any dispute that there is a strong continuation of Muthu's business through his wife Saraswathy. Of course except her name, in all respects it is the very same business that is being continued. 7. Mr.Armugam, Assessing Officer pointed out that when Muthu closed down his business, the independent closing stock was transferred in favou....