Slump Sale Under BTA Not Taxable Under MVAT Act: Bombay HC

Piramal Enterprises Limited Vs State of Maharashtra (Bombay High Court)

In a landmark judgment, the Bombay High Court has ruled that a slump sale under a Business Transfer Agreement (BTA) does not amount to the sale of goods within the purview of the Maharashtra Value Added Tax Act, 2002 (MVAT Act). This decision came in the case of Piramal Enterprises Limited Vs. State of Maharashtra, where the court addressed whether the sale of a business as a going concern could be taxed under the MVAT Act. The court’s ruling provides significant clarity on the interpreta

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