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2022 (6) TMI 972 - HC - VAT and Sales TaxReduction of assessment framed under Section 12 (4) of the Orissa Sales Tax Act, 1947 - purchase and sales suppression - business was only four months old on the date of inspection - HELD THAT:- The Tribunal appears to have overlooked the fact that the Assessee had only conducted four months of business in the year in question and that was one factor that weighed with the ACST in reducing the enhancement of the taxable turnover to thrice the actual amount of suppression. In the considered view of the Court, since this was a new venture and it is possible that the Assessee was not fully aware of all the legal requirements, the view taken by the ACST enhancing the taxable turnover to three times the actual suppression did not call for interference. It could not be said to be arbitrary or unreasonable. This Court restores the order of the ACST to file and sets aside the impugned order of the Tribunal. The question framed is accordingly answered in favour of the Assessee and against the Department - Revision petition disposed off.
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