1977 (12) TMI 124

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..... nal Bench), Madras, permitting the assessee to pay the tax under section 7 of the Tamil Nadu General Sales Tax Act, 1959, at compounded rates. The respondent-assessee, running a sweetmeat stall, returned a total and taxable turnover of Rs. 94,139.45 in form A-1 submitted on 5th January, 1973, for the year ended 31st March, 1973, and opted to pay tax under section 7 of the Act at compounded rates .....

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..... d dismissed the appeal, holding that no interference was called for, as the assessing officer had added only a nominal ten per cent to the turnover returned by the assessee after rejecting the assessee's accounts as unreliable. In the assessee's further appeal to the Tribunal, it has been found by the Tribunal that the rejection of the assessee's accounts was justified. However, the Tribunal found .....

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..... t is erroneous. Under section 7(1) of the Act, the rate of tax is Rs. 3,000 per annum where the total turnover is not less than Rs. 95,000 but not more than a lakh of rupees. The Tribunal has fixed the turnover in this case at Rs. 98,846.42, as mentioned above. But section 7(2) lays down that any dealer other than a casual trader or an agent of a non-resident dealer may apply to the assessing au .....

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