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2011 (3) TMI 1546 - HC - VAT and Sales TaxPenalty under section 77(8) of the Act amounting to ₹ 32,900 on the petitioner-assessee levied Held that:- In view of the fact that goods in question were purchased from the registered dealer and sold on the same date, without holding an inquiry into the genuineness of the documents, the penalty could not be imposed by the learned assessing authority, nor could these documents be brushed aside as an after thought by the learned Tax Board as has been done by it while reversing the findings of learned first appellate authority. The findings of learned Tax Board, in these circumstances, can be said to be perverse and without any basis and, therefore, the same deserves to be set aside by this court in revisional jurisdiction as it would give rise to the question of law under section 86 of the Act.Revision allowed.
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