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2013 (1) TMI 690 - CESTAT MUMBAIDenial of registration - Held that:- In the case of Krishna Lifestyle Technologies Ltd. (2008 (2) TMI 2 - HIGH COURT, BOMBAY) the Hon’ble High Court of Bombay has held that “purchase of immovable/movable assets of a tax defaulter, though assets were sold, sale of assets by itself would not be transfer of business in whole or in part, there must be material on record to show that business has been transferred to Petitioner and consequent thereto petitioner has succeeded in business. In absence of petitioner succeeding in business or part of business, issue of petitioner being liable for arrears of Central Excise dues will not arise.” appellant is not a successor of business of M/s. Anway Industries, therefore, the appellant is not liable to pay the arrears of Central Excise dues pending against M/s. Anway Industries. Therefore, I do not find any infirmity in the impugned order the same is upheld - Decided against Revenue.
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