THE HON’BLE SRI JUSTICE P.SAM KOSHY AND THE HON’BLE SRI JUSTICE NARSING RAO NANDIKONDA TAX REVISION CASE NO.217 OF 2008

ORDER

(per Hon’ble Sri Justice Narsing Rao Nandikonda)

This Tax Revision Case is filed by the petitioner-Assessee under Section 22 (1) of the Andhra Pradesh General Sales Tax Act, 1957 (for short, ‘APGST Act’) aggrieved by the order, dated 08.10.2007, in T.A.No.142 of 2000 passed by the learned Sales Tax Appellate Tribunal, Andhra Pradesh, Hyderabad.

2. The brief facts of the case are that petitioner - M/s.

SOL Pharmaceuticals Limited at Dwarkapuri Colony, Hyderabad, is a public limited company incorporated under the Companies Act. It is dealing with manufacturing and sale of drugs in bulk quantity and its formulations. They are registered dealers on the rolls of the Commercial Tax Officer, Khairtabad, Hyderabad, before whom the petitioner-company filed its returns on monthly turnover. It is stated that during the Assessment Year 1990-1991, the assessee company disclosed the Gross turnover at Rs.22,71,79,150.00 claimed as exemption on total turnover of Rs.19,61,05,250.00 and accordingly Assessment order was passed by the Commercial Tax Officer through proceedings, da