1982 (3) TMI 240 - HC - VAT and Sales Tax

Summary

The High Court of Orissa directed the Sales Tax Tribunal to refer a question regarding the daily sales turnover of an assessee. The Tribunal had increased the turnover to Rs. 480 for 350 days, but the Court found it unjustified. The Court ruled that the turnover should be scaled down to Rs. 440 based on the investment return, without the additional ten percent increase. No costs were awarded. Justice Behera concurred with the Chief Justice's decision.