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2014 (7) TMI 969 - HC - VAT and Sales TaxLevy of tax, penalty & Interest - Held that:- Tax Board has rightly distinguished between an escaping of assessment and error of judgment by the assessing authority and held that the remedy for an error of judgment by the assessing authority lay in filing a revision petition under section 15(1) of the Act of 1954 before the Commissioner and not by way of resorting to section 12 of the Act of 1954 for recovering escaped tax. In the facts of the case, it is admitted that there was full disclosure by the assessee including profit accrued. Yet profit accrued was not taxed owing to an error of judgment by the assessing officer - no substantial question of law is made out for entertaining the present revision petition - Decided against assessee.
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