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2018 (4) TMI 648 - HC - VAT and Sales TaxRevision of assessment order - TNGST Act, 1959 - deletion of addition - penalty restricted from 150% to 50% - case of Revenue is that the Tribunal erred in allowing the appeal on the ground that incriminating records recovered from the residence of one of the partners pertain to the transactions in jewellery and it is not proved by the department that the partner himself did such business. Held that: - there is no material irregularity or illegality in appreciation of the evidence, both by the Appellate Authority and Tribunal - Respondent is not a dealer of Silver and Gold Jewellery. Assessing Officer has assessed the turnover, relating to silver and gold, as if they relate to the business of the respondent dealer. There is no perversity in the finding. There is no irregularity or illegality, warranting reversal of the order of the Tribunal. Tax case revision dismissed.
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