2019 (1) TMI 164

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....ANIL D. NAIR For The Respondent : SRI V K SHAMSUDHIN SR GP ORDER Vinod Chandran, J The revision arises from the order of the Tribunal and raise for consideration two issues The questions of law are re-framed as under:- 1. Whether the Tribunal was right in confirming the assessment which estimated the sale price by the C&F Agent of the assesse-manufacturer to the distributor on the mere grou....

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....ion was upheld. The facts arising in this case is also similar. The transaction was at a time when there was a single point levy of tax and there could not be a sale price fixed lower to that shown in the stock transfer forms. In such circumstances, the question is answered against the assessee and in favour of the revenue. 3. On the 2nd question we notice that the Tribunal on the issue had rejec....