1994 (10) TMI 269 - SC - VAT and Sales Tax

Whether appellants have a fundamental right to carry on trade in liquor?

Whether the State can prevent the petitioners from carrying on with the business of liquor as apart from trade, during the unexpired period of the licences?

Held that:- SLP dismissed. The word 'trade' may include all the connotations of the word 'business'. As in Article 19(1)(g) of our Constitution, the words 'trade' and 'business' are used synonymously. Hence, we reject the contention and hold that after the taking-over of the trade, viz., the activity of buying and selling liquor, no activity was left with the petitioners to carry on under the licence held by them.