TMI Blog1985 (2) TMI 241X X X X Extracts X X X X X X X X Extracts X X X X ..... ch-II, Kanpur, relating to the assessment year 1975-76 dismissing his appeal. The assessee-respondent was assessed for the year in question on the sales of manufactured silicate at the rate of 4 per cent. In proceedings under section 22 of the Act the rate of 4 per cent was corrected to 7 per cent and a further demand of Rs. 2,690 was created and the assessee was also directed to pay interest on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rror of law. It has recorded a positive finding that the assessee bona fide believed that the rate of tax on silicate was 4 per cent. It is also relevant to state that no objection was raised by the department and the rate was applied at 4 per cent by the Sales Tax Officer while passing the assessment order. The mistake of believing the rate of tax may be apparent for the purpose of section 22 of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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