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TMI Blog2013 (2) TMI 653X X X X Extracts X X X X X X X X Extracts X X X X ..... nd Sourabh Jain Heard. This petition has been filed against the order, annexure P/1. The petitioner is in the business of manufacturing of crafts papers. It sells the aforesaid papers after manufacturing. The petitioner was assessed in regard to payment of tax vide an order dated January 28, 2006. Subsequently, it was found that the petitioner had sold craft papers of ₹ 20,49,918 to M/s. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2,94,355 against the petitioner under the provisions of section 28 of the Act of 1994 on the ground that the petitioner claimed exemption of sale of ₹ 20,49,918 and ₹ 14,43,952 on the ground that it sold the craft papers of the aforesaid amounts to M/s. Quality Industry, Bhopal and to M/s. Vindhya Corrugators, Bhopal but the exemption period of M/s. Quality Industry and M/s. Vindhya Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd on July 11, 2003, respectively. In accordance with the provisions of section 28 of the Act of 1994, if in case any sale or purchase chargeable to tax has been under-assessed or has escaped from assessment, then the authority has power to impose tax and penalty. In the present case, the petitioner had availed of the benefit of exemption from payment of tax on false declaration. In such circumst ..... X X X X Extracts X X X X X X X X Extracts X X X X
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