Can a sole proprietor who is running a business for the last 10-15 years and wants to discontinue the business in his name, transfer it as a running concern to one of his relatives and can the other person carry on the business in its present form (all other assets and liabilities remaining the same, just change of Sole proprietor) and what are the income tax implications (No VAT/Sales tax involved as the nature of goods sold are not covered by VAT or Sales tax)