2012 (9) TMI 897

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..... e, ORDER:- The order of the court was made by MRS. CHITRA VENKATARAMAN J.-This tax case (revision), filed by the assessee as against the order of the Tamil Nadu Sales Tax Appellate Tribunal for the assessment year 1996-97, was admitted by this court on the following substantial questions of law: "(1) Whether, in the facts and circumstances of the case, the Appellate Tribunal was right in .....

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..... was taxable at the point of last purchase in the State at one per cent. From July 17, 1996, worn out or beaten jewellery was taken to last purchase, taxable at two per cent in Part A of the First Schedule to the Tamil Nadu General Sales Tax Act. Gold and silver jewellery including articles thereof were brought in under entry 25 of Part B of the First Schedule, taxable at four per cent. The Tribu .....

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..... nt on purchase of old jewellery and the new jewellery manufactured. The Tribunal pointed out that the assessee had not maintained any separate stock account for new and old gold jewellery, the bought notes maintained by them also did not contain correct and complete address of the sellers and hence, the bought notes were not verifiable. In the circumstances, addition was made. Even though the asse .....

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