1983 (9) TMI 263

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ed an additional tax of Rs. 4035. The assessees took the matter on appeal, but without success. The matter was then taken to the Tribunal by the assessees contending that on their turnover included the turnover relating to two of their principals, each of whose turnover was less than Rs. 10,00,000, their principals were not liable to pay additional tax and that if their principals were not liable to pay additional tax, the assessees were also not liable to pay the additional tax. The Tribunal dealing with the said contention held that even if the total turnover of each of the principals of the assessees was less than Rs. 10,00,000, still the assessees in whose hands the tax had been levied in respect of the turnover relating to each of the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....as the said Act shall, in the case of a dealer whose total turnover for a year exceeds ten lakhs of rupees, be increased by additional tax at the rate of ten per cent of the tax payable by that dealer for that year and the provisions of the said Act shall apply in relation to the said additional tax as they apply in relation to the tax payable under the said Act: Provided that where in respect of declared goods as defined in clause (h) of section 2 of the said Act, the tax payable by such a dealer under the said Act together with any additional tax payable under the sub-section exceeds four per cent of the sale or purchase price thereof, the rate of additional tax in respect of such goods shall be reduced to such an extent that the tax an....