2011 (5) TMI 80

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..... ssessment on the basis of cum-tax value is allowed and the matter is remanded to the original authority for the limited purpose of re calculating the amount of tax, interest and the 25% of the penalty amount. - ST/694/2010 - - - Dated:- 2-5-2011 - Dr. CHITTARANJAN SATAPATHY, J. Shri K. Mani, Consultant, for the appellants Shri C. Rangaraju, SDR for the respondents Heard both .....

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..... nt in the circumstances of the present case. 4. Considering the submissions from both sides, the appeal in respect of the penalty sustained by the lower appellate authority is rejected. However, the appeal seeking assessment on the basis of cum-tax value is allowed and the matter is remanded to the original authority for the limited purpose of re calculating the amount of tax, interest and the .....

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