Tax Demand Contradicts going Concern Exemption: Madras HC Orders Re-Assessment [Read Order]
The bench set aside a GST demand on a business sale, due to contradictions in tax notices and the applicability of the going concern exemption under the TNGST Act
By Nandan GK - On March 10, 2025 6:28 pm - 2 mins read
The Madras High Court observed that the GST demand on a going concern transfer was arbitrary and unsustainable as it contradicted the tax department’s earlier notice. The petitioner, Frontline Wind Energy Private Limited, had purchased a Wind Electric Generator Park with 20 windmills from Zuri Hotels & Resorts Private Limited through a slump sale agreement…
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