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2016 (7) TMI 881 - HC - VAT and Sales TaxRejection of books of accounts - demand of sales tax - evasion of tax - Held that:- both the assessing authority as well as Tribunal have failed to discharge this statutory obligation which stood placed upon them. All that the two authorities have done is to assess the revisionist on the basis of the rough/provisional balance sheet which was found in the premises during the course of survey. This, in the opinion of the Court, does not comply with the mandatory obligation placed upon the statutory authorities by and under the provisions of sub section (3) of Section 7 of the 1948 Act. - Matter remanded back.
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