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TMI Blog2014 (10) TMI 980X X X X Extracts X X X X X X X X Extracts X X X X ..... Adv. Sri. S. Easwaran For the Respondents : Senior Government Pleader Sri. S. Sudheesh Kumar ORDER Antony Dominic, J. Heard the counsel for the petitioner and the learned Government Pleader for the respondents. 2. The revision is filed against the order passed by the Kerala Value Added Tax Additional Appellate Tribunal, Palakkad in T.A.(VAT) No.138 of 2013 dated 21.7.2014 by which, the appeal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Intelligence Officer who finally concluded that the bank being a dealer as defined under Section 2(xv) (f) of the Kerala Value Added Tax Act, 2003 was liable to pay the tax. It was also proposed to levy penalty on appellant for non payment of tax. Finally, after completing all procedural formalities, tax and penalty was levied on the appellant by order dated 25.8.2007. Appeal was filed before ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for cash or for deferred payment, or for commission, remuneration or other valuable consideration not being an agriculturist and includes:- x x x x x x x x x (f) a bank or a financing institution, which, whether in the course of its business or not sells any gold or other valuable article pledged with it to secure any loan, for the realisation of such loan amount. Explanation I - Bank for th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Section 2(xv)(f) of the Kerala Value Added Tax Act and is a dealer in so far as the sale conducted by it on 5.4.2007. If that be so, the respondents were fully justified in levying tax and also penalty at the rate as now ordered by the Tribunal. We do not find any reason to interfere with the orders concurrently passed by statutory authorities. Other Tax Revision Case is dismissed accordingly.< ..... X X X X Extracts X X X X X X X X Extracts X X X X
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