https://www.taxtmi.com/caselaws?id=164306 Second sale exemption was unavailable where the purported seller was shown, on departmental records and his own admission, to be only a bill trader issuing invoices for commission without any real sale of goods. On that factual basis, the purchases could not be treated as exempt first sales, so the taxable turnover was restored in favour of the Revenue. Because the exemption claim was found to be false, the penalty under section 12(3) was also sustained, there being no material to displace the departmental finding. The appeal therefore failed and the tax and penalty orders were affirmed. en-us Thu, 30 Apr 2009 00:00:00 +0530 Tue, 22 Apr 2014 11:54:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164306 Second sale exemption was unavailable where the purported seller was shown, on departmental records and his own admission, to be only a bill trader issuing invoices for commission without any real sale of goods. On that factual basis, the purchases could not be treated as exempt first sales, so the taxable turnover was restored in favour of the Revenue. Because the exemption claim was found to be false, the penalty under section 12(3) was also sustained, there being no material to displace the departmental finding. The appeal therefore failed and the tax and penalty orders were affirmed. Case-Laws VAT and Sales Tax Thu, 30 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164306