Transfer of few assets does not amount to 'transfer of business as going concern' so as to be exempt

CST/VAT : Where some of assets of business are sold orally and nothing is said relating to work in progress, creditors, debtors, employees, subcontractors, or goodwill or ongoing contracts and assessee restarts using name of his business after 1 year of sale, such sale cannot be regarded as transfer of business as going concern so as to be exempt from VAT