KHUSHIRAM BEHARI LAL & CO. vs ASSESSING AUTHORITY, SANGRUR & ANR.

The Supreme Court held that the Punjab General Sales Tax Act requires a firm to prove its dissolution prior to the assessment date for the assessment to be invalid. The Court found that the High Court had erred in dismissing the appellant's petition without a definitive finding on the dissolution date. Consequently, the Supreme Court set aside the High Court's judgment and remanded the case for further consideration, emphasizing the need for clarity on the dissolution issue.