Supreme Court Dismisses Appeal Regarding Sales Tax Liability of Asset Purchaser Due to Lack of Ownership Transfer. The court found that the purchaser was not liable for sales tax arrears as the ownership of the business was not transferred, only assets were sold....
The dispute arose from the sale of assets of Mishal Paper Mills (P) Ltd. by the Karnataka State Industrial Investment & Development Corporation due to default in loan repayment. Shreyas Papers Pvt. Lt...




