2008 (8) TMI 247

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.... Shri R.K. Verma, DR, for the Respondent. [Order per : M. Veeraiyan, Member (T)] - Heard both sides on the stay petition. 2. The applicant is a dealer of Maruti Udyog Limited. They sold certain spare parts/components of Maruti vehicle. The original authority, based on break-up of income under various heads given in the balance sheet, has held that 2% of the value of inventory represents the....