Supreme Court Allows Delayed Filing: Sales Tax Demand Quashed Due to Invalid ST-1 Forms; Genuine Transaction Confirmed.

The SC condoned the delay in filing, allowing the case to proceed. The HC quashed the sales tax demand related to invalid ST-1 Forms, siding with the assessees. It determined that the transaction was genuine, and the forms were provided by purchasing dealers. The SC granted leave for further proceedings.

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Issues involved:
The issues involved in the judgment are delay condonation, sales tax demand related to the use of invalid ST-1 Forms, and the High Court's decision to quash the sales tax demand.

Delay Condonation:
The Supreme Court condoned the delay in the case.

Sales Tax Demand for Invalid ST-1 Forms:
The matter revolved around sales tax demand concerning the use of invalid ST-1 Forms by the selling dealer. The Revenue contended that the forms were invalid, while the assessee's counsel argued that the forms were provided by the purchasing dealers and merely presented by the selling dealers to the taxing authorities. The High Court favored the assessees, noting that the transaction was not in doubt, and consequently quashed the sales tax demand.

High Court's Decision:
The High Court leaned in favor of the assessees and against the Revenue by quashing the sales tax demand. The Supreme Court granted leave for further hearing and expedited the process.

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