1963 (4) TMI 19 - HC - VAT and Sales Tax

Summary

The High Court of Madras ruled in favor of the petitioner, stating that arrears of sales tax due from the transferor can only be recovered from the transferee to the value of the assets obtained by transfer. The court directed the department to serve a demand notice on the petitioner to specify the assets obtained by transfer before proceeding with recovery. The petitions were allowed with no costs. (Case: Ibrahim Saifuddin & Co. v. State Revenue Department)