2012 (6) TMI 766

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..... RDER :- The order of the court was made by C.N. RAMACHANDRAN NAIR J.--Heard senior counsel Sri A.K. Jayasankar Nambiar who appeared for the review petitioners and also special Government for the respondents. The review petitions are filed to review the judgment for the reason that liability under section 7(1)(a), i.e., payment of tax at compounded rates should be with reference to the preceding .....

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..... tions available to the dealer. Even though the appellant's contention that tax paid in the preceding year is also to be reckoned for the purpose of determining liability for payment of tax under the compounding scheme under section 7(1)(a), is correct, it happens to be lower than the tax payable based on the accounts that is tax payable on sales turnover and purchase turnover disclosed from th .....

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