Supreme Court held that VAT-free business assets transferred to a successor must be valued at VAT-inclusive price.

The Supreme Court ruled that business assets transferred to a successor in a business sale must be valued at a price including VAT, despite the transfer being VAT-exempt under the law. The taxpayer argued for a VAT-exclusive valuation based on the contract's wording, while the tax authority contended that the statutory exemption does not alter the valuation basis. The court determined that the legislative intent of the VAT exemption requires the value to reflect the actual economic cost, which includes the VAT component.