1996 (7) TMI 537 - HC - VAT and Sales Tax

Summary

The petitioner sought a direction for the Sales Tax Tribunal to refer questions of law regarding under-valuation of stock and imposition of penalty. The Tribunal upheld the penalty imposed under section 48 of the Act due to the dealer's under-valuation of stock, resulting in a higher turnover. The Court dismissed the petition as no referable question of law arose from the facts on record. The penalty of Rs. 4,000 was confirmed by the Tribunal.