2007 (5) TMI 604

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..... can be based only on the sale consideration which might have been accepted by the Excise Department in the proceedings under the Excise Act. The appellate authority also held that the assessing authority merely on the basis of price shown in the excise proceedings, levied the tax whereas there is no material available on the record on the basis of which it can be said that the assessee has disclo .....

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..... d that the tax is leviable on actual sale consideration and not on assessable value of goods nor it can be based only on the sale consideration which might have been accepted by the Excise Department in the proceedings under the Excise Act. The appellate authority also held that the assessing authority merely on the basis of price shown in the excise proceedings, levied the tax whereas there is no .....

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