1998 (4) TMI 508

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..... bad, in the assessment for the assessment year 1992-93. The Commercial Tax Officer had allowed the set-off of actual tax paid Rs. 28,07,142 in respect of sale and purchase of iron and steel in the State in terms of G.O. Ms. No. 763, Revenue (CT.II), dated August 21, 1990. According to that G.O. where the sale inside the State has already met tax the tax payable on the subsequent sale is to be redu .....

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..... te Tribunal was of the view that this bifurcation was not permissible as according to the terms of G.O. Ms. No. 763, Revenue, (CT.II) dated August 21, 1990 what is to be set-off is tax paid against tax payable. We agree with the view of the Appellate Tribunal, and we do not find any question of law arising from the order of the Tribunal. The tax revision case is accordingly dismissed. No costs. .....

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