https://www.taxtmi.com/caselaws?id=235192 The Tax Case Revision was disposed of with no costs, maintaining the assessment but excluding the penalty related to additional sales tax and surcharge due to the lack of legal basis during the relevant period. The High Court upheld the Tribunal's decision regarding the estimation of purchases and sales, finding no reason to disturb the factual findings. However, the Court agreed with the petitioner that the penalty under the Additional Sales Tax and Surcharge Act for 1996-97 was not justified, directing the Assessing Officer to reevaluate the assessment without the penalty. en-us Wed, 26 Jun 2013 00:00:00 +0530 Mon, 15 Jul 2013 08:13:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235192 The Tax Case Revision was disposed of with no costs, maintaining the assessment but excluding the penalty related to additional sales tax and surcharge due to the lack of legal basis during the relevant period. The High Court upheld the Tribunal's decision regarding the estimation of purchases and sales, finding no reason to disturb the factual findings. However, the Court agreed with the petitioner that the penalty under the Additional Sales Tax and Surcharge Act for 1996-97 was not justified, directing the Assessing Officer to reevaluate the assessment without the penalty. Case-Laws VAT and Sales Tax Wed, 26 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235192