https://www.taxtmi.com/caselaws?id=70952 The Tribunal partially allowed the appeals related to Orissa Sales Tax assessment for 1969-70, 1970-71, and 1971-72. It held that the rejection of purchase accounts and addition of profit by the Assessing Officer were unjustified. The Tribunal directed the calculation of Gross Turnover based on admitted purchases with a 15% profit margin for retailers. The appeals were allowed, leading to a redetermination of Gross Turnover, recomputation of taxes, and potential tax refunds. The Tribunal also condoned a delay in filing second appeals due to the appellant's father's illness, ensuring a fair outcome. en-us Wed, 05 Nov 1975 00:00:00 +0530 Fri, 20 May 2022 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70952 The Tribunal partially allowed the appeals related to Orissa Sales Tax assessment for 1969-70, 1970-71, and 1971-72. It held that the rejection of purchase accounts and addition of profit by the Assessing Officer were unjustified. The Tribunal directed the calculation of Gross Turnover based on admitted purchases with a 15% profit margin for retailers. The appeals were allowed, leading to a redetermination of Gross Turnover, recomputation of taxes, and potential tax refunds. The Tribunal also condoned a delay in filing second appeals due to the appellant's father's illness, ensuring a fair outcome. Case-Laws VAT and Sales Tax Wed, 05 Nov 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70952