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of <h1>High Court quashes Trade Tax Tribunal's order, emphasizes rule 4(4) provisions for consignment sales</h1> The High Court quashed the Trade Tax Tribunal's order for three Second Appeals related to the assessment year 1990-91, emphasizing the importance of ... - Issues:Interpretation of rule 4(4) of the Central Sales Tax (U.P.) Rules, 1957 in relation to consignment sales based on the submission of form F.Analysis:The High Court judgment in this case revolves around the interpretation of rule 4(4) of the Central Sales Tax (U.P.) Rules, 1957 concerning consignment sales based on the submission of form F. The department challenged the Trade Tax Tribunal's order, arguing that the mere submission of form F is not enough to establish that the transactions were consignment sales. They contended that the Tribunal failed to consider the detailed procedure for maintaining records as required by the rule. On the other hand, the assessee's counsel defended the Tribunal's decision, claiming it was legally justified and did not warrant revision.Upon reviewing the records, the High Court found that the Tribunal had accepted the assessee's case solely based on the production of form F without considering the intent and requirements of rule 4(4) of the Rules, 1957. The Court noted the absence of any evidence to show that the necessary records specified by the rule were maintained or presented by the assessee during the proceedings. Consequently, the Court concluded that the Tribunal had not applied the statutory rules properly when issuing the impugned order.As a result, the High Court quashed the Tribunal's order dated July 2, 1999, for three Second Appeals related to the assessment year 1990-91. The Court directed the Trade Tax Tribunal to re-examine the appeals in light of rule 4(4) of the Rules of 1957, emphasizing the importance of considering the specified provisions. The Trade Tax Tribunal was instructed to complete this review within two months from the date of filing a certified copy of the High Court's order.In conclusion, the High Court allowed the trade tax revision, subject to the observations made, highlighting the necessity for a proper application of the relevant rules and a thorough reconsideration of the appeals by the Trade Tax Tribunal.
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