2003 (3) TMI 701

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..... aler-opposite party purchased old ornaments and not admitted any liability of tax on the purchases. The assessing authority in the original assessment proceeding passed an order under rule 41(7) and did not levy any tax on the purchases of old ornaments. Subsequently, a proceeding under section 21 was initiated on the ground that the old ornament was liable to tax as bullion at the rate of 1 per c .....

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..... ted September 7, 1981 for the period after September 7, 1981 but deleted the interest under section 8(1) of the Act. Being aggrieved by the order of Tribunal, the present revision has been filed. 3.. I have heard Sri M.R. Jaiswal, learned Standing Counsel and Sri Piyush Agrawal, learned counsel for the opposite party. 4.. Tribunal has held that at no stage liability of tax was admitted and t .....

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