1992 (12) TMI 225

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....is admitted and since the parties have been heard at length, it is finally disposed of at the stage of admission. 3. The proceedings relate to assessment year 1978-79. The revisionist is a manufacturer of extra covers which are made basically of jute and are intended for the support of glass bottles. The assessee revisionist sells its goods to a manufacturer of bear namely M/s. Mohan Meekin Limit....

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....stress on the fact that the assessee's purchases were not verifiable because the bill for the purchases were not produced. The Bench-III of the Tribunal at Ghaziabad reversed the order passed by the A. C. J. and restored the sales at ₹ 11 lakhs. The Tribunal observed that in the immediate preceding year the assessee's sale were at ₹ 8,86,473/- and that no satisfactory explanati....

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....73/- in the preceding year to ₹ 5 Lakhs in the year under consideration, how they could jump to 11 Lakhs. In my view the two factors mentioned by the learned Tribunal were insignificant in the circumstances of the present case in which the goods are being sold to a big manufacturer like M/s. Mohan Meakin Limited. Under the Sales Tax Act what is taxable is the sale and whether the purchase ar....