https://www.taxtmi.com/caselaws?id=166555 Concurrent factual findings that the assessee sold a hydraulic excavator during the relevant year were treated as non-perverse and, in revision under section 86 of the Rajasthan Sales Tax Act, 1994, were not interfered with. The Court therefore upheld the levy of tax and interest, holding that questions about closure of business, the scope of the registration certificate, and whether the excavator was a capital asset or trading commodity were factual matters. Penalty under section 16(1)(i) was set aside because the transaction had been recorded in the books and the record did not prove deliberate concealment or conscious evasion; rejection of the assessee's taxability claim alone was insufficient. en-us Wed, 30 Mar 2011 00:00:00 +0530 Thu, 09 Oct 2014 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166555 Concurrent factual findings that the assessee sold a hydraulic excavator during the relevant year were treated as non-perverse and, in revision under section 86 of the Rajasthan Sales Tax Act, 1994, were not interfered with. The Court therefore upheld the levy of tax and interest, holding that questions about closure of business, the scope of the registration certificate, and whether the excavator was a capital asset or trading commodity were factual matters. Penalty under section 16(1)(i) was set aside because the transaction had been recorded in the books and the record did not prove deliberate concealment or conscious evasion; rejection of the assessee's taxability claim alone was insufficient. Case-Laws VAT and Sales Tax Wed, 30 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166555