https://www.taxtmi.com/caselaws?id=164776 The High Court ruled in favor of the assessee regarding the levy of tax on alleged sales turnover of gold jewellery for the assessment year 1996-97. The Court found that the excess gold jewellery seized in January 1997 was returned in March 1998, absolving the assessee from the offense of sales suppression. However, the Court ruled against the assessee on the issue of purchase tax on gold jewellery brought from other states and partially upheld the penalty under section 12(3)(b), directing the assessing officer to re-determine the penalty accordingly. en-us Tue, 11 Nov 2008 00:00:00 +0530 Mon, 24 Nov 2014 21:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164776 The High Court ruled in favor of the assessee regarding the levy of tax on alleged sales turnover of gold jewellery for the assessment year 1996-97. The Court found that the excess gold jewellery seized in January 1997 was returned in March 1998, absolving the assessee from the offense of sales suppression. However, the Court ruled against the assessee on the issue of purchase tax on gold jewellery brought from other states and partially upheld the penalty under section 12(3)(b), directing the assessing officer to re-determine the penalty accordingly. Case-Laws VAT and Sales Tax Tue, 11 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164776