https://www.taxtmi.com/caselaws?id=373990 A claim for second-sale exemption must be supported by reliable transaction records and clear supporting findings. Here, the assessees relied on a subsequent-lease or second-sale character to avoid tax, but the record lacked satisfactory material and the appellate authority had not clearly explained the exemption basis. The Tribunal found gaps in the assessee's books and supporting documents, held that verification was necessary before granting exemption, and remanded the matter to the Assessing Officer. The remand was upheld, and the tax revisions failed because no substantial question of law arose on the material before the Court. en-us Thu, 03 Jan 2019 00:00:00 +0530 Thu, 24 Jan 2019 07:21:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373990 A claim for second-sale exemption must be supported by reliable transaction records and clear supporting findings. Here, the assessees relied on a subsequent-lease or second-sale character to avoid tax, but the record lacked satisfactory material and the appellate authority had not clearly explained the exemption basis. The Tribunal found gaps in the assessee's books and supporting documents, held that verification was necessary before granting exemption, and remanded the matter to the Assessing Officer. The remand was upheld, and the tax revisions failed because no substantial question of law arose on the material before the Court. Case-Laws VAT and Sales Tax Thu, 03 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373990