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1996 (11) TMI 428 - AT - VAT and Sales TaxExtract: .......t of Rs. 73,120 and penalties of Rs. 4,50,000 and Rs. 20,000 is restored. The order of remand passed by the Tribunal to this extent is modified. The assessing authority will examine all other transactions except the transactions involving the said tax of Rs. 96,211, interest of Rs. 73,120, penalties of Rs. 4,50,000 and Rs. 20,000. Petition allowed.
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