Bombay High Court Allows Assessee's Reference in Sales Tax Case - Transfer of Motor Car by Firm to Partner on Dissolution Not a Sale. The court held that distribution of assets on dissolution does not constitute a 'sale' under Section 2(28) of the Bombay Sales Tax Act, 1959, as there is no transfer of property for a price.
6 May 2010The case concerns a reference under Section 61(1) of the Bombay Sales Tax Act, 1959, at the instance of the assessee, M/s Synthetic Suppliers, a partn...




