2017 (10) TMI 324

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Respondents : Mr.K.Venkatesh ORDER Heard Mr.R. Senniappan the learned counsel appearing for the petitioner and Mr.K.Venkatesh, the learned Government Advocate for the respondents and carefully perused the material placed on record, including the parawise comments given by the Assistant Commissioner (CT), Salem Town (North) Circle, Salem, the first respondent herein to the Special Government....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....case is that, they have purchased superior kerosene oil (SKO) for high sale transactions. However, on account of a ban imposed by the Government on import of SKO, marketability of their product was affected, and they were compelled to sell SKO at a lesser price than the purchase price. According to the petitioner, they have produced certain records/documents to substantiate their claim before the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the same. 5. The Assessing Officer, in his parawise comments, has specifically stated that the petitioner has not produced documentary evidence, as they have charged market value in the sale invoices and they have not produced any evidence that they have received more amount than the sale price. Further, the petitioner did not produce the prevailing market rate for the relevant period, viz., 2....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lowed, the impugned order is set aside, and the mater is remanded to the second respondent or fresh consideration, and petitioner is at liberty to produce all necessary documents to substantiate their claims within a period of three days from the date of receipt of a copy of this order, and if the petitioner produces such documents to the satisfaction of the second respondent, then, the second res....