1978 (3) TMI 187 - HC - VAT and Sales Tax

Summary

The High Court of Orissa held that the Additional Sales Tax Tribunal was not justified in deleting the sale proceeds of silver bullion from taxable turnover based on documents admitted at the second appellate stage. The Tribunal's decision to tax the turnover at 5% instead of 7% was also deemed incorrect. The reference was answered accordingly with no costs due to the absence of the assessee.