TMI Blog1997 (12) TMI 600X X X X Extracts X X X X X X X X Extracts X X X X ..... late Tribunal (Additional Bench), Madras-104 (for short, the Tribunal ) and made in T.A. No. 345 of 1988 relating to the assessment year 1980-81 under the Central Sales Tax Act, 1956 (for short, the CST Act ). 2.. This revision is relatable to the imposition of penalty upon the assesseeTvl. E.I.D. Parry (India) Limited, quantified in a sum of Rs. 53,424 being the amount representing one and ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... case, is sustainable in law? 4.. It appears that the entirety of the books of accounts, inclusive of form X statement on being produced have been verified by the assessing officer. On such verification, the assessing officer himself had stated in the order of assessment that the turnover reported is in accordance with the books of accounts except a small variation of Rs. 3 which is due to round ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (C.T.), Central Assessment Circle-I, who is bodily present in court to come to his rescue in explaining how this suppression of turnover in a sum of Rs. 3,56,161 was arrived at by the assessing officer. The officer so present in court, openly made an admission before us that some mistake had been committed by the then Assistant Commissioner-assessing officer in coming to the conclusion that a sup ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
