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1988 (12) TMI 311 - SC - VAT and Sales TaxRefund of sales tax paid on the ground that the sale was completed only when the last instalment stood paid and the option to purchase - Held that:- Appeal allowed in part. HC was right in so far as it quashed the notice for imposition of penalty for infraction of section 46(2) of the Act. Whether the Revenue was entitled to forfeit the money paid on account of sales tax, or whether the assessee/dealer was entitled to claim refund, would be gone into in the said assessment/refund proceedings. We direct that the said proceedings should be completed as expeditiously as possible.
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