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1992 (9) TMI 333 - HC - VAT and Sales Tax
The High Court of Madras dismissed two tax revision cases filed by the Revenue against an assessee for assessment years 1977-78 and 1978-79. The assessee was granted exemption under section 5(3) of the Central Sales Tax Act for prawns cleaned, frozen, and packed for export. The Tribunal deleted additions for unaccounted loss of prawns, stating such losses were marginal and reasonable during packing. Revenue's enhancement petitions were not entertained as they were filed late and were bound to fail based on previous court rulings. The revision petitions were dismissed with no costs.
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