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2016 (10) TMI 1345 - HC - VAT and Sales TaxLevy of VAT - sale of repossessed cars by assessee/Bank - penalty - HELD THAT:- In identical circumstances this court in its judgment reported as Citi Bank vs. Commissioner of Sales Tax [2015 (12) TMI 1040 - DELHI HIGH COURT] had ruled against the assessee. In the present case, levy of penalty is above 150%. The main question of law is answered against the assessee. Appeal allowed in part.
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