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2015 (6) TMI 1017 - TRIPURA HIGH COURT

2015 (6) TMI 1017 - TRIPURA HIGH COURT - [2015] 84 VST 206 (Tri) - Demand of tax - Seller of furniture and rubber products - Purchased tyres, tubes and flaps, i.e., rubber products but no stock was found in godown which meant that petitioner had sold off these entire rubber products - Held that:- when a revision has been filed by the petitioner he cannot pursue this remedy of writ. Under the statute the petitioner is bound to deposit 50% of the demand raised and no exceptional reason has been fo .....

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For the Petitioner : Mr. D.C. Roy, Advocate For Respondent Nos.1 to 3 : Mr. D.C. Nath, Advocate JUDGMENT The petitioner by means of this petition has prayed for setting aside the demand notice dated February 6, 2014 issued to him and also the subsequent order of the Department. 2. In view of the decision that we propose to take we are not going into the detailed facts of the case. It would, however, be necessary to state that admittedly the petitioner is a dealer. He sells furniture and at the .....

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tioner was that since he had purchased the rubber products in the local market he was under the impression that he is not liable to pay tax on these products. The assessing officer did not agree with this submission. He added three per cent. as profit margin, and therefore, assessed the tax payable at ₹ 6,97,547 and a penalty of 150 per cent. with interest, raised a total demand of ₹ 18,19,353. 4. The petitioner filed a revision petition which was not even taken up for more than a ye .....

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