1996 (9) TMI 589

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....a General Sales Tax Act, 1963 and they relate to the assessment proceedings for the years 1990-91 and 1991-92 respectively. We will refer to the factual matrix of T.R.C. No. 193 of 1994 in the first instance. The petitioner runs a jewellery shop at Trichur High Road and thus he is on the file of the Sales Tax Officer, First Circle, Trichur. He declared a total taxable turnover of Rs. 4,27,683.5....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ted and by the order dated October 27, ... 2.150 gm." 1992 on a turnover of Rs. 28,09,130 further payment of tax of Rs. 1,43,538 and surcharge of Rs. 10,317 was fixed by the order annexure I. 2. The factual matrix of T.R.C. No. 194 of 1994 shows declaration of total taxable turnover of Rs. 4,06,246.29. The surprise inspection was on February 8, 1992, after scrutiny of the accounts and fin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 1, 1991 up to July 31, 1991 and at 3 per cent from August 1, 1991 to March 31, 1992. ... 197.600 grams." It is also found that exemption under section 5A for old jewellery used in manufacture came to be revoked and it became taxable at 1 per cent. The assessee's explanations were considered and rejected and the assessment was finalised by the order dated October 27, 1992 on the basis of ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hat no pattern of suppression was established. The estimation therefore came to be reduced to two times the running stock. In other words, for the assessment year 1990-91, it was reduced to Rs. 14,04,570 and as far as the assessment year 1991-92 is concerned, it was reduced to three times the running stock of Rs. 27,00,680. 4.. In both the matters the assessee approached the Tribunal. As regard....