Transfer of business.

44. Where a dealer registered or liable to pay tax, -

(a) dies; or

(b) transfers or otherwise disposes of his business in whole or in part; or

(c) effects any change in the ownership of his business, in consequence of which he is succeeded in the business or part thereof by any other person and such successor in business carries on such business either in its old name or in some other name, such successor shall for all the purposes of this Act be deemed to be and to have always been registered as if the certificate of registration of such dealer had initially been granted to the successor; and he shall be liable to discharge the liabilities of such dealer. The successor shall, on application to the assessing authority, be entitled to have the registration certificate amended accordingly.