1991 (4) TMI 433

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..... facts and in the circumstances of this case, the Tribunal was right in law in estimating the applicant s turnover of suppressed sales of ghee, butter and shrikhand at Rs. 1,22,866 that is, equal to 50 per cent of the recorded sales of Rs. 2,45,733 for the year 1975 ? (2) Whether on the facts and in the circumstances of this case, the Tribunal was right in law in imposing penalties of Rs. 500, u .....

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..... estions which have been referred to us can be said to be questions of law. Mr. Modi was not able to point out any principle of law applied by the Tribunal while arriving at the estimate of the extent of the suppressed sales. As the questions which are referred to us are questions of fact, we decline to answer the same. This reference stands disposed of accordingly with no order as to costs. Refe .....

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