1996 (1) TMI 417

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..... them by a common order. The Tribunal with regard to this considered two separate appeals of the petitioner-assessee along with two connected appeals of the department. 2.. However on hearing the learned counsel for the parties we think it proper to decide the present revision case by a separate judgment. This is in view of difference in the factual matrix and consequential decision. 3.. The pr .....

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..... order, the Tribunal considered the situation with regard to the present revision case. 5.. The Tribunal has taken into consideration the position that in the case of jewellery business in a situation where the accounts are validly rejected on the ground of proved suppression, it is accepted that six times the average value of running stock as annual turnover, would have to be considered as reas .....

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..... tial but is admitted by the appellant, consequently compounding the offence on payment of Rs. 750 in regard thereto. 6.. In view of the above position, taking into consideration the provisions of section 41 of the Kerala General Sales Tax Act, 1963, to the effect that the High Court can consider the ground when it finds that either the Tribunal has erroneously decided the matter or has failed to .....

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