2007 PTD 31

Case Laws / Head Notes / Paras

Sale rate--Cotton yarn---Sale rate for the assessment year 1999-2000 as reduced by the First Appellate Authority to 82.85% was upheld---Sale rate of P.C. Yarn adopted by the Taxation Officer at 88.72% as against declared at 88.72% was reduced to 82.85% for the assessment year 2001-2002---Sale rate of cotton yarn for said year declared at 94% was upheld by the Appellate Tribunal.----Sale rate---Cotton yarn---Sale rate for assessment year 1999-2000 reduced by the First Appellate Authority to 82.85% was upheld by the Appellate Tribunal and the sale rate of P.C. yarn by the Taxation Officer at 88.72% as against declared at 88.72% was reduced to 82.85% for the assessment year 2001-2002; sale rate of cotton yearn for this year declared at 94% was upheld.