1995 (1) TMI 326

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e Act"), to direct the Appellate Tribunal (Board of Revenue), to make a reference on the question of law arising out of the proceedings before the statutory authorities. 2.. First respondent is a dealer registered under the Act. The relevant period of assessment is November 12, 1977 to October 31, 1978. The first respondent is a timber merchant and was assessed for the above period. The sales ta .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ranting set-off. Two changes brought about in the Act by amendment with effect from May 1, 1977 are relevant. One is the deletion of provision for set-off. The other is the redesignation of turnover tax as surcharge. However, rule 20-A of the Rules was not deleted or amended. The Board of Revenue took the view that even if there is no statutory provision for set-off, set-off can be allowed under r .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X