2006 (11) TMI 605

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....re directed against the order of the Tribunal dated August 6, 1999 for the assessment years 1990-91, 1991-92 and 1992-93, by which the Tribunal has deleted the amount of interest under section 8(1) of the Act. It appears that dealer/opposite party (hereinafter referred to as, "the dealer") had established a new unit for the manufacturing of LPG gas stove and pressure regulator and appli....

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.... rejected. The dealer further filed three appeals before the Tribunal. The Tribunal by the impugned order, allowed the appeals and deleted the interest under section 8(1) of the Act. The Tribunal held that the dealer was bonafidely disputing the liability of tax, inasmuch as it applied for exemption under section 4A of the Act being a new unit. The Tribunal held that the matter relating to the exe....