2003 (3) TMI 701 - HC - VAT and Sales Tax

Summary

The High Court of Allahabad dismissed four revisions filed by the Commissioner of Sales Tax against the Tribunal's order for the assessment years 1981-82 to 1984-85. The Tribunal upheld the levy of tax on purchases of old ornaments at 1%, but deleted the interest under section 8(1) of the Act. The Court agreed with the Tribunal's decision, citing that the dealer was under a bona fide belief that the purchase tax was not liable.