1986 (11) TMI 362 - HC - VAT and Sales Tax

Summary

The High Court of Allahabad allowed the petition in a sales tax case for the assessment year 1981-82. The Sales Tax Tribunal rejected the account books based on insufficient purchase vouchers and inadequate turnover in relation to stock. The court ruled in favor of the dealer, stating that proper vouchers were maintained for old ornaments purchases and inadequate turnover alone cannot justify rejection of account books. The dealer was declared exempt from tax for the year in question. (Case citation: 1986 (11) TMI 362 - ALLAHABAD HIGH COURT)