Two equal time additions towards purchase suppression unwarranted: Madras HC

Ruckmani Electricals Vs Tamilnadu Sales Tax Appellate Tribunal (Madras High Court) Madras High Court held that two equal time additions towards purchase suppression is unwarranted. Thus, two equal time additions deleted, however, addition towards purchase suppression and penalty u/s. 16(2)(d) of the Tamil Nadu General Sales Tax Act, 1959 sustained. Facts- The petitioner is a registered dealer under the Tamil Nadu General Sales Tax Act, 1959. In respect of the period 2000-2001, an order of assessment was made under the Act on 30.09.2002. Prior to the proceedings for assessment, an inspection ha...