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2015 (12) TMI 237 - HC - VAT and Sales TaxLevy of tax on difference between the re-sale price and the purchase price and the surcharge component collected on the sale price - Held that:- Earlier assessment orders and demand notice passed were set aside by the Supreme Court with a direction for de novo assessments and after de novo assessment it is found that there is Nil demand for the assessment years. Therefore, the question of payment of interest for the Nil demand does not arise. - Accordingly the impugned orders are quashed - It is not clear whether there was any tax liability preceding the demand notices, whether the difference of liability is more than 10 per cent. between the returns and demand notice. In this regard, the Superintendent of Taxes is directed to verify and pass fresh orders in accordance with law under section 22 of the Assam General Sales Tax Act. - Decided in favour of assessee.
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