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2008 (11) TMI 379 - SC - VAT and Sales TaxWhether the value representing the credit notes issued by the manufacturers to the distributors was to be included in the taxable turnover? Whether the value of the credit notes goes to reduce the purchase turnover of the dealers or not? Held that:- As the adjudication of the basic issue involved depends upon the amount on which tax has been paid by the selling dealer, it would be appropriate to permit the assessee to produce the books of account for adjudication before the concerned Deputy Commissioner. In the instant case it is the Deputy Commissioner (CT), Sikandrabad. The assessees shall appear before the said authority on November 4, 2008 (sic) without further notice. It shall produce evidence to show that the tax has been paid by the selling dealer on the illustrative figure of 100 given in the illustration. The said authority shall verify the correctness of the claim with reference to the documents to be produced. If it is established, tax shall be payable on ₹ 10 as shown in the illustration. Otherwise, the Revenues' stand shall stand established.
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