2023 (9) TMI 1

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..... of the legislative change that has taken place by reducing the volume of the penalty and keeping in consideration of the peculiar facts and circumstances of this case, the penalty reduced from 200% to 100%, but this will not create any precedent for any other case, in as much as, no principle laid down to be applied generally. The revision petitioner is directed to pay the tax and the penalty .....

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..... assed in the First Appeal being Appeal Case No. AACUII- 142/2007-08 has been challenged. 4. Mr. Lal, learned counsel has fairly submitted that while selling the automobile, the revision petitioner, who is the dealer did not reflect the discount that he had granted to the buyer. But later on, some spare parts was given away without any price in lieu of discount. Mr. Lal, learned counsel has admi .....

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..... al question of law is involved. 7. Having heard the counsel for the parties, we find force in the submission of Mr. Padhi, learned Addl. Standing Counsel. The finding is concurrent one and hence, we are not inclined to interfere with the finding as regard to liability of tax and penalty. But at the same time, in view of the legislative change that has taken place by reducing the volume of the p .....

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